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A farmer grows rice and wheat. How will an increase in the price of rice affect the supply of wheat? - Economic Applications

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प्रश्न

A farmer grows rice and wheat. How will an increase in the price of rice affect the supply of wheat?

एका वाक्यात उत्तर
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उत्तर

Supply curve of rice will shift to the left as rice and wheat are substitute goods and producing wheat is more profitable as compared to producing rice.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Theory of Supply - QUESTIONS [पृष्ठ ७२]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 3 Theory of Supply
QUESTIONS | Q 4. b | पृष्ठ ७२
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