An increase in the number of greenhouses in New York City results in:
A) an increase in the quantity supplied of flowers
B) an increase in the supply of flowers
C) diminishing returns to flower production
D) economies to scale in flower production
Correct Answer:
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Q1: An increase in the price of soybeans
Q2: A decrease in the price of oil
Q3: All of the following are determinants of
Q5: Ethanol has resulted in:
A) higher corn prices
B)
Q6: An increase in the supply of cut
Q7: If wheat farmers have a good year,
Q8: A drought will:
A) decrease the supply of
Q9: Agricultural research results in:
A) an upward movement
Q10: An increase in the price of fertilizer
Q11: Elasticities are:
A) in units of quantity
B) in
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