Multiple Choice
Which of the following could cause the supply of carrots to decrease?
A) Consumers' incomes decrease.
B) There is a technological advance in carrot production.
C) Fertilizer costs increase.
D) The number of farmers growing carrots increases.
E) The price of carrots decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: An increase in demand:<br>A) results in a
Q45: If people buy less chewing gum at
Q149: According to the law of supply,<br>A) more
Q156: An equilibrium price is unaffected by nonprice
Q172: The law of demand states that:<br>A) as
Q367: Exhibit 3-8 Demand and supply data
Q368: If there is an increase in income,
Q370: Three of the four events described below
Q372: When quantity supplied equals quantity demanded, there
Q376: The points along the supply curve represent