Multiple Choice
If a higher price for wheat decreases the quantity of corn being produced,which of the following describes what has occurred?
A) The supply of wheat increased and the supply of corn decreased.
B) The quantity of wheat supplied increased and quantity of corn supplied decreased.
C) The supply of wheat increased and the quantity of corn supplied decreased
D) The quantity of wheat supplied increased and the supply of corn decreased.
E) The supply of wheat decreased and the supply of corn decreased.
Correct Answer:
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