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

If the price of cattle decreases, ranchers may choose to raise more sheep instead, causing the supply of sheep to increase. A decrease in the price of cattle makes it less profitable for ranchers to raise cattle and they may choose to switch to raising sheep instead. A, C, and D do not directly affect the supply of sheep.

Ranchers Can Raise Either Cattle or Sheep on Their Land