Which of the following would cause an increase in quantity supplied of wheat?
A)The price farmers receive for their wheat rises.
B)The price of fertilizer farmers' use in their fields decreases.
C)The price firms pay for liability insurance falls.
D)New, better technology for farming is introduced.

Question

Quizplus · Accepted Answer

An increase in the price farmers receive for their wheat would lead to an increase in quantity supplied, as suppliers are generally willing to supply more at higher prices.

Which of the Following Would Cause an Increase in Quantity