Solved

How Are the Following Events Likely to Affect the Market

Question 74

Essay

How are the following events likely to affect the market supply of rice in an economy?
a)A fall in the wage rate of farm labor
b)An increase in the productivity of farm capital due to better technology
c)An increase in the use of agricultural land for non-agricultural purposes

Correct Answer:

verifed

Verified

a)A fall in the wage rate of farm labor ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions