Some graziers can raise either cattle or sheep on their land. Which of the following would cause the supply of sheep to increase?
A)An increase in the price of sheep.
B)A decrease in the price of cattle.
C)An increase in the demand for cattle.
D)An increase in the price of sheep feed.

Question

Quizplus · Accepted Answer

If the price of cattle decreases, some graziers may switch to raising sheep instead, which would cause an increase in the supply of sheep. The other choices do not directly impact the supply of sheep.

Some Graziers Can Raise Either Cattle or Sheep on Their