Suppose a Negative Technological Change in the Production of Disease-Resistant

question 181

Multiple Choice

Suppose a negative technological change in the production of disease-resistant wheat caused the price of wheat to rise.Holding everything else constant, how would this affect the market for corn (a substitute for wheat) ?

• A)The supply of corn would decrease and the equilibrium price of corn would increase.
• B)The demand for corn would increase and the equilibrium price of corn would increase.
• C)The demand for corn would decrease because consumers could afford to buy less wheat and corn.
• D)The demand for corn would increase and the equilibrium price of corn would decrease.

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Definitions:

Liver Disease

A broad term for any disorder or condition that causes the liver to function improperly or stop functioning.

Carpal Tunnel Syndrome

A condition causing pain, numbness, and weakness in the hand and arm due to pressure on the median nerve in the wrist.

Bladder Cancer

A type of cancer that begins in the cells of the bladder, the organ that stores urine.

Liver Disease

A broad term encompassing a range of conditions affecting the liver that impair its ability to function properly.