Which of the ff. statements is true with regards to the supply of palay? A. Advancement in rice technology will shift the supply curve of rice to the right B. Government subsidy on the cost of inputs for rice farmers will shift the supply curve of rice to the right C. Increase in the income from other crops will cause the rice farmers to reallocate some resources away from rice production , thus, the supply curve of rice will shift to the left D. All are true
Which of the ff. statements is true with regards to the supply of palay? A. Advancement in rice technology will shift the supply curve of rice to the right B. Government subsidy on the cost of inputs for rice farmers will shift the supply curve of rice to the right C. Increase in the income from other crops will cause the rice farmers to reallocate some resources away from rice production , thus, the supply curve of rice will shift to the left D. All are true
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 6QR
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Which of the ff. statements is true with regards to the supply of palay?
A. Advancement in rice technology will shift the supply curve of rice to the right
B. Government subsidy on the cost of inputs for rice farmers will shift the supply curve of rice to the right
C. Increase in the income from other crops will cause the rice farmers to reallocate some resources away from rice production , thus, the supply curve of rice will shift to the left
D. All are true
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