Which of the Following Would Cause an Increase in Quantity

question 34

Multiple Choice

Which of the following would cause an increase in quantity supplied of wheat?

• A)The price farmers receive for their wheat rises.
• B)The price of fertilizer farmers' use in their fields decreases.
• C)The price firms pay for liability insurance falls.
• D)New, better technology for farming is introduced.

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Definitions:

Marginal Benefit

The increased enjoyment or advantage received from the consumption of one extra item of a good or service.

Economics Grade

A measurement or assessment of a student's understanding and proficiency in the subject of economics, typically given as part of an academic evaluation.

Marginal Benefit

The increased pleasure or advantage received from the consumption or creation of an additional unit of a good or service.

Marginal Benefit

The supplementary enjoyment or value derived by a person upon consuming an extra unit of a particular good or service.