Question #108171
Farmers can plant either corn or soybeans in their fields. Suppose that the price of corn increases. Which of the following will be most likely to happen?
A. The supply of soybeans will increase, shifting the supply curve to the right.
B. The supply of soybeans will decrease, shifting the supply curve to the left.
C. The price of soybeans will decrease, shifting the supply curve to the left.
D. The supply of corn will increase, shifting the supply curve to the right.
A. The supply of soybeans will increase, shifting the supply curve to the right.
B. The supply of soybeans will decrease, shifting the supply curve to the left.
C. The price of soybeans will decrease, shifting the supply curve to the left.
D. The supply of corn will increase, shifting the supply curve to the right.
Expert's answer
D. The supply of corn will increase, shifting the supply curve to the right.
