Good growing conditions for wheat would probably
A)increase the prices of substitutes for wheat.
B)induce greater demand for wheat, yielding a higher price.
C)cause wheat suppliers to move up their supply curves to a higher price.
D)cause people to reduce their demand for wheat.
E)induce a rightward shift in wheat's supply curve.

Question

Quizplus · Accepted Answer

Good growing conditions for wheat would increase the supply of wheat, which would lead to a rightward shift in the wheat supply curve. This would result in a lower equilibrium price for wheat, and potentially induce greater demand and consumption of wheat products.

Good Growing Conditions for Wheat Would Probably