Which One of the Following Would Most Likely Increase the Demand

question 68

Multiple Choice

Which one of the following would most likely increase the demand for wheat?

• A) an increase in the price of soybeans, a substitute product
• B) a decrease in the price of corn, a substitute product
• C) the development of a hybrid seed that doubles wheat yields per acre
• D) a decrease in the price of wheat

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Definitions:

Quality

An attribute, characteristic, or property that determines the nature of something, often distinguishing it from others.

Quantifier

Symbols or words in formal logic that indicate the scope of a term, such as "all," "some," or "none," specifying quantity or amount in logical expressions.

Categorical Proposition

A statement that relates two categories or classes in a manner that is either affirmative or negative.

Declarative English

Use of English language to make statements or assertions in a straightforward manner, often used to convey facts or information.