Toby Sells Wheat in a Perfectly Competitive Market

question 50

Multiple Choice

Toby sells wheat in a perfectly competitive market. This month Toby receives a higher price for a bushel of wheat than he did last month. Which of the following might explain this?

• A) The market demand for wheat increased.
• B) The market demand for wheat decreased.
• C) Firms entered the market.
• D) Toby's costs have decreased.

Know the compatibility of software across different operating systems.

Appreciate the role and frequency of emerging technologies in electronic communication.

Understand the stages and structural changes in the female reproductive cycle.

Identify the anatomical structures and their functions within the female reproductive system.

---

Definitions:

Biopsychology

The study of how biological processes influence behaviors, emotions, and mental states.

Nutrition

A collection of processes (mainly food consumption) through which an organism utilizes the materials (nutrients) required for survival and growth.

Acculturation

The process of cultural and psychological change that results following meeting between cultures.

Exercising Sporadically

Engaging in physical activity on an inconsistent basis, which may not yield the full health benefits of a regular exercise routine.