Multiple Choice
A farmer can grow soy or sorghum. If the price of soy increases, the opportunity cost of growing sorghum ______, shifting the supply curve of sorghum ______.
A) decreases; up and to the left
B) increases; up and to the left
C) decreases; down and to the right
D) increases; down and to the right
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Use the following to answer questions:<br>Figure: Producer
Q122: An increase in supply shifts the supply
Q123: New production technology in the manufacture of
Q124: Use the following to answer questions:<br>Figure: Producer
Q125: Figure: Earned Consumer Surplus <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3377/.jpg" alt="Figure:
Q127: Figure: Earned Producer Surplus <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3377/.jpg" alt="Figure:
Q128: A vertical reading of the demand curve
Q129: The supply curve tells us the minimum
Q130: The most important concepts in economics, according
Q131: At low prices, only low-cost producers serve