Asked by
Britanny Huitron
on Nov 11, 2024Verified
Which of the following is likely to change the quantity supplied of wheat?
A) A government subsidy to farmers who do not grow wheat
B) An increase in the price of soybeans
C) A decrease in the price of fertilizer
D) A fall in the price of wheat
E) An expectation of a future price increase
Government Subsidy
Financial assistance provided by the government to individuals, organizations, or industries to support activities deemed beneficial for the public or economy.
Soybeans Price
The market value or cost of soybeans, which can fluctuate based on supply, demand, and external market conditions.
- Comprehend the elements causing supply curve movements.
Verified Answer
AP
Learning Objectives
- Comprehend the elements causing supply curve movements.