A Farmer Can Grow Soy or Sorghum

question 126

Multiple Choice

A farmer can grow soy or sorghum. If the price of soy increases, the opportunity cost of growing sorghum ______, shifting the supply curve of sorghum ______.

• A) decreases; up and to the left
• B) increases; up and to the left
• C) decreases; down and to the right
• D) increases; down and to the right

---

Definitions:

Social Shopping Experience

A blend of social media and e-commerce where users can shop for products through social networking sites or engage in shopping as a social activity online.

Telemarketing

The direct marketing of goods or services to potential customers over the telephone or the Internet.

Consumer Privacy

The rights and measures to protect an individual's personal information from being disclosed without consent.

Ethical Guidelines

Standards of behavior and practices considered morally right and professionally acceptable in a specific context.