The wages of workers producing rice increase will decrease the supply of rice. The option is true as the wages of the workers increase, the producers of rice ...

Оценка 5,0 (4) Which of the following will decrease the supply of rice? a. There is a technological advance that affects the production of all goods. b. The price of rice ...

Which of the following will decrease the supply of rice? a. There is a technological advance that affects the production of all goods. b. The price of rice ...

5 февр. 2024 г. · The price of rice falls the price of corn (which consumers regard as a substitute for rice) decreases. The wages of workers producing rice increases.

14 авг. 2024 г. · A. The demand for wheat would decrease and the equilibrium price of wheat would decrease. B. The demand for wheat would increase because ...

Оценка 5,0 (3) 4 дек. 2020 г. · a. There is a technological advance that affects the production of all goods. b. The price of rice falls. c. The price of corn (which ...

14 авг. 2024 г. · The price of rice falls. c. The price of corn (which consumers regard as a substitute for rice) decreases. d. The wages of workers producing ...

Answer and Explanation: 1 · The correct answer is option d- an unusually good harvest. · a.The option is not true because rice is a staple food for all people.

Consider the market for rice: an abnormally fruitful harvest would mean that the supply curve in the rice industry for the given year would shift to the right.

In the case of the rice market, the quantity demanded decreases as the price increases, which can be seen in the supply and demand schedules.