--%>

Effect of supply curve due to price rise

When a farmer grows wheat and rice, how will a raise in the price of wheat influence the supply curve of rice?

Answer: The Supply curve of rice will shifted to the left.

   Related Questions in Microeconomics

  • Q : Causes of Increase in demand Describe

    Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)

  • Q : State government budget Government

    Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.

  • Q : Comparison of competitive and

    If compared to competitive advertising, in that case informative advertising tends to: (1) help consumers make more satisfying choices. (2) be a waste of resources. (3) increase transaction costs. (4) be less efficient than competitiv

  • Q : Perpetuity bond in fixed cash flows A

    A perpetuity is a: (w) financial asset which provides its owner eternal life. (x) perpetual motion machine which lasts forever. (y) bond which pays its owner an annual income forever. (z) profitable share in an established corporation. 

    Q : Determine produce economic profit When

    When point e corresponds to $9,000 per RoboMaid, Robomatic can produce economic profit all month of at most around: (1) $25 million. (2) $40 million. (3) $55 million. (4) $70 million. (5) $85 million.

    Q : Shift in market equillibrium Grape

    Grape jelly and Peanut butter are strong complements. Assume that severe mold ruined half of this year’s peanut harvest. When the grape jelly market was primarily in equilibrium on S0D0, then this market would shift to: (a) S1D0. (b) S0D2. (c) S2D0. (d) S2D2. (e

  • Q : Properties of production possibilities

    Describe properties of the production possibilities curve.

  • Q : Impact of economy according to price

    If price ceiling or price floor were removed what is the impact on the economy?

  • Q : Determine water elasticity of production

    When 200,000 gallons of water are applied per acre, 4 tons are harvested by each acre of linguini trees yearly, but cutting back to 160,000 gallons causes the crop per acre to reduce to 2 tons yearly. Then water elasticity of linguini production is as

  • Q : Marginal revenue and monopoly For a

    For a nondiscriminating monopolist, the marginal revenue is: (w) identical to price. (x) always positive. (y) always less than price. (z) always greater than price. Hello guys I want your advice. P