Ranchers can raise either cattle or sheep on their land.Which of the following would cause the supply of sheep to increase?
A)an increase in the price of sheep
B)a decrease in the price of cattle
C)an increase in the demand for cattle
D)an increase in the price of sheep feed

Question

Quizplus · Accepted Answer

A decrease in the price of cattle would make it less profitable for ranchers to raise cattle, so they may choose to switch to raising sheep instead, leading to an increase in the supply of sheep. None of the other choices directly affect the supply of sheep.

Ranchers Can Raise Either Cattle or Sheep on Their Land