If a New Technology Is Introduced into Canola Production

question 45

Multiple Choice

If a new technology is introduced into canola production:

• A) the equilibrium price and quantity will increase
• B) equilibrium price will increase; quantity will decrease
• C) equilibrium price will decrease; quantity will increase
• D) equilibrium price will decrease; quantity will decrease

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Definitions:

Real Danger

An actual threat that poses a genuine risk of harm or damage.

Persuasive

Pertaining to the ability to convince or influence others through argument, reasoning, or appeal.

Act

A piece of legislation passed by a governing body, or the process of doing something with a specific purpose or intention.

Testosterone

A steroid hormone primarily produced in the testes in males and the ovaries in females, playing key roles in development, reproductive functions, and secondary sex characteristics.