Ontario tobacco growers recently ripped out tobacco plants and replaced them with peanut vines. This illustrates the law of supply.

Question

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The law of supply states that producers will adjust their production levels and resource allocation in response to changes in market conditions, such as price changes or demand shifts. In this case, tobacco growers are responding to such changes by switching to peanut vines.

Ontario Tobacco Growers Recently Ripped Out Tobacco Plants and Replaced