Question
The state government of Arkansas tried to support soybean price, by paying farmers not to plant soybean on some of their land. If we
The state government of Arkansas tried to support soybean price, by paying farmers not to plant soybean on some of their land. If we assume demand curve for soybean remains the same, which statement is correct ? A. The supply curve shifts to the left, and new market price would be higher. B. The supply curve shifts to the right, and new market price would be higher. C. The supply curve shifts to the right, and new market price is unchanged. D. The supply curve shifts to the left, and new market price is unchanged.
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