An increase in the price of fertilizer will cause:
A) the supply of fertilizer to increase
B) the quantity supplied of fertilizer to increase
C) a shift in the supply of fertilizer
D) a movement along the supply curve of wheat
Correct Answer:
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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
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)
Q14: Agricultural biotechnology results in the following changes
Q15: Supply is:
A) The relationship between the price
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