Solved

The Supply and Demand for Wheat Is Given by QS

Question 94

Multiple Choice

The supply and demand for wheat is given by QS = 200 + .2A + p and QD = 500 - p,where p is the price of wheat and A is the amount of rainfall (inches per year) .The effect of an incremental increase in rainfall on equilibrium will be


A) a decrease the price of wheat by 10¢.
B) a decrease the price of wheat by 20¢.
C) an increase in the price of wheat by 20¢.
D) an increase in the price of wheat by 10¢.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: The change in price that results from

Q4: If the supply curve of cigarettes shifts

Q5: A vertical demand curve results in
A) no

Q9: If the demand curve for a good

Q11: -The above figure</p></div><svg width=

Q12: As the supply curve shifts to the

Q20: A vertical demand curve for a particular

Q84: A drought in the Midwest will raise

Q86: If pizza and tacos are substitutes,a decrease

Q96: When import restrictions are placed on a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents