Multiple Choice
In the nation of Dictatorland, farmers traditionally feed grain to their livestock. Central planners, however, decided to increase the price of grain to make grain farmers happy and to reduce the price of bread made from that grain to make city dwellers happy. Now the price of bread is lower than the price of grain. What might we now expect?
A) farmers to continue to feed grain to their livestock
B) farmers to start feeding bread to their livestock
C) city dwellers to start buying grain to make bread to eat
D) city dwellers to start buying grain to make bread to sell
Correct Answer:
Verified
Correct Answer:
Verified
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