A drought in the corn belt will result in:
A) higher grain prices and higher quantities of grain
B) higher grain prices and higher fertilizer demand
C) lower grain prices and lower quantities of grain
D) higher grain prices and lower quantities of grain
Correct Answer:
Verified
Q22: When the price of apples is higher
Q23: When we study a shift in supply
Q24: Supply shifts when:
A) production costs change
B) consumers
Q25: Demand shifts when:
A) production costs change
B) producer
Q26: An increase in the demand for cotton
Q28: Favorable weather results in:
A) a rightward shift
Q29: An increase in consumer income will cause:
A)
Q30: If the price of corn increases:
A) the
Q31: If the supply of beef increases, and
Q32: Markets are beneficial due to:
A) efficiency
B) equitable
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