A Report Produced by the OECD Suggests That Global Food

Multiple Choice

A report produced by the OECD suggests that global food prices will increase substantially in the next 10 years. Which of the following would likely cause food prices to rise during this period?

A) Technological change will increase supply faster than population growth increases demand.
B) Adverse weather conditions in grain-producing regions of the world will negatively affect production.
C) The reduction in oil prices has shifted the supply curve to the right.
D) Governments will institute price controls on food.