Assuming That Soybeans and Tobacco Can Both Be Grown on the Same

question 142

Multiple Choice

Assuming that soybeans and tobacco can both be grown on the same land, a decrease in the price of tobacco, other things being equal, causes a(n) :

• A) rightward shift of the supply curve for tobacco.
• B) upward movement along the supply curve for soybeans.
• C) rightward shift in the supply curve for soybeans.
• D) leftward shift in the supply curve for soybeans.

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Definitions:

Frequency Distribution

A summary of how often each value in a set of data occurs, often displayed in a table or graphically as a histogram.

Relative Frequency

The proportion of times a value occurs in a data set to the total number of data points.

Bar Chart

A graphical representation of data using bars of different heights or lengths proportional to the values they represent.

Pie Chart

A graphical representation of data that divides a whole into slices to illustrate numerical proportion.