Other Things Constant, Which of the Following Is Likely to Change

question 119

Multiple Choice

Other things constant, which of the following is likely to change the quantity of wheat supplied?

• A) a government subsidy for farmers who do not grow wheat
• B) an increase in the price of soybeans
• C) a decrease in the price of the fertilizer used in wheat production
• D) a fall in the price of wheat
• E) an expectation of a future increase in wheat prices

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Definitions:

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Property Taxes

Taxes on the value of real estate property, typically levied by local governments.