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Refer to the Diagram Above, Which Shows Three Supply Curves

Question 47

Multiple Choice

Refer to the diagram above, which shows three supply curves for corn. Which of the following would cause the supply of corn to shift from S<sub>1</sub> to S<sub>3</sub>? A) A decrease in the cost of equipment used in corn farming B) An increase in the price of soybeans C) A decrease in the price of corn D) An increase in the number of acres of farmland allocated to corn Refer to the diagram above, which shows three supply curves for corn. Which of the following would cause the supply of corn to shift from S1 to S3?


A) A decrease in the cost of equipment used in corn farming
B) An increase in the price of soybeans
C) A decrease in the price of corn
D) An increase in the number of acres of farmland allocated to corn

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