Which of the Following Would Most Likely Cause the Price

question 204

Multiple Choice

Which of the following would most likely cause the price of wheat to decline?

• A) an increase in the production costs of corn, a substitute for wheat
• B) a decrease in the price of soybeans, a substitute for wheat
• C) an increase in the price of fertilizer, a resource used to produce wheat
• D) a sandwich craze among Americans, causing increased demand for whole-wheat bread

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Definitions:

Slippery Slope Fallacy

A logical fallacy that occurs when an argument suggests that a minor first step will lead to a chain of related and undesired events.

Fallacy Of Composition

The logical error of assuming that what is true for the individual parts must also be true for the whole group.

Slippery Slope Fallacy

A logical fallacy that asserts without sufficient evidence that a relatively small first action leads inevitably to a chain of related (negative) events.

Predicted Outcome

A predicted outcome is the expected result of an experiment or model, often based on theoretical insight or previous data.