John Jones grows both wheat and corn on his farm. All of the following will cause his supply curve of wheat to shift except:

Name: John Jones grows both wheat and corn on his farm. All of the following will cause his supply curve of wheat to shift except:
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Question

Quizplus · Accepted Answer

The supply curve of wheat shifts due to changes in production costs, technology, or other goods' prices, but not due to changes in the price of wheat itself. An increase in the price of wheat would move along the supply curve, not shift it.

John Jones Grows Both Wheat and Corn on His Farm