A drought will:
A) decrease the supply of grains
B) decrease the quantity of grains supplied
C) shift the supply curve down
D) result in a movement along the supply of grains
Correct Answer:
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Q3: All of the following are determinants of
Q4: An increase in the number of greenhouses
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,
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
Q12: The point elasticity of the supply of
Q13: An elasticity measures:
A) how prices affect inflation
B)
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