If the money price of wheat increases and no other prices change, the
A) relative price of wheat falls.
B) demand for wheat increases.
C) opportunity cost of wheat rises.
D) relative price of wheat is unaffected.
Correct Answer:
Verified
Q132: The interaction of supply and demand explains
A)the
Q133: For "an increase in the quantity demanded"
Q134: The price of a bag of corn
Q136: In a market, at the equilibrium price,
A)buyers
Q138: If income decreases or the price of
Q139: Which of the following is true?
A)The demand
Q141: Changes in which of the following shifts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents