43.0k views
4 votes
A farmer produces both corn and wheat. if the price of corn increases, the farmer will supply _____ wheat.

a.moreb.lessc.the same amount

2 Answers

5 votes
b. less: because he wants to make money, if he produces less wheat ha can supply more corn which costs more.
User Master Morality
by
7.6k points
5 votes

Answer: Option 'a' is correct.

Explanation:

A farmer produces both corn and wheat. if the price of corn increases, the farmer will supply increase.

Since we know that there is direct relationship between price and supply.

If the price increases , the supply will also increase.

Hence, option 'a' is correct.

User Roland Studer
by
8.7k points