Multiple Choice
The most plausible reason why changes in the price of cotton can cause shifts in the supply curve for tobacco is:
A) cigarette smokers often wear cotton shirts.
B) when incomes rise, people consume more cotton and tobacco.
C) firms can switch from growing tobacco to cotton and vice versa.
D) tobacco is an input in the production of cotton.
E) cotton and tobacco are unrelated markets in all ways.
Correct Answer:
Verified
Correct Answer:
Verified
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