Which of the following could be responsible for an increase in the price of wheat?

Question

Quizplus · Accepted Answer

An increase in the demand for wheat would cause an increase in its price, since there would be more buyers competing for the same amount of wheat. A decrease in demand (B) or an increase in supply (D) would cause a decrease in price. Option A is not possible, since an increase in supply and a decrease in demand would cause an overall decrease in price, not an increase.

Which of the Following Could Be Responsible for an Increase