Which of the Following Could Cause an Increase in the Supply

question 155

Multiple Choice

Which of the following could cause an increase in the supply of wheat?

• A)A decrease in the price of oats.
• B)An imposition of a sales tax on wheat.
• C)An increase in the price of fertilizer.
• D)Producers expect the price of wheat to increase.

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Definitions:

Interest

The cost of borrowing money or the earnings from lending money, paid as a percentage over a period of time.

Account

A record used to keep track of and manage financial transactions within a financial institution, company, or another entity.

Liability

Financial obligations or debts that an individual or organization owes to others, which must be settled over time.

Savings Account

A bank account that earns interest and is typically used by account holders for saving money over a period of time.