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Author Question: Assuming that wheat and corn can both be grown on the same type of land, a decrease in the price of ... (Read 89 times)

justinmsk

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on: Jun 30, 2018
Assuming that wheat and corn can both be grown on the same type of land, a decrease in the price of corn, other things being equal, will cause a(n):
 a. downward movement along the supply curve for wheat.
  b. upward movement along the supply curve for wheat.
  c. rightward shift in the supply curve for wheat.
  d. leftward shift in the supply curve for wheat.

Question 2

Assume Congress passes a new tax of 2.00 per pack on cigarettes. The effect on the supply curve is a(n):
 a. decrease in supply. b. increase in supply.
  c. decrease in quantity supplied. d. increase in quantity supplied.


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Melissahxx

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


justinmsk

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Reply 2 on: Jun 30, 2018
Excellent

amynguyen1221

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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