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For questions 1-3, choose the letter of the diagram in figure 2.1 that best describes the type of shift that would occur in each situation
For questions 1-3, choose the letter of the diagram in figure 2.1 that best describes the type of shift that would occur in each situation for the U.S. farming market, ceteris paribus. Figure 2.1 Supply Curve Supply Curve Demand Curve Demand Curve (leftward) (nghtward) (leftward) (rightward) Quantity Quantity Quantity Quantity (a) (b) () (d) OPEC lowers oil prices, which causes a significant decrease in the cost of fuel for tractors and other farm vehicles. Select one: OA. A OB. B Qc QPb. D The weather is particularly harsh for crops throughout the United States for the entire year. Select one: OA. A OB. B Oc. C OD. D Question 3 Not yet answered Points out of 1.00 Flag question The level of income decreases for all consumers. (Assume the crops grown are normal goods) Select one: OA. A OB. B Oc. C OD. D
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