6. Assume a farmer's land is equally productive in growing corn or potatoes and is currently producing both. If the price of corn increases but the price of potatoes does not change, the farm's supply curve for potatoes will: A shift to the right, and more potatoes will be produced at each price level. not change, because the production of potatoes is not affected by price changes for B. corn. C. shift to the left, and fewer potatoes will be produced at each price level. D. shift to the right, and fewer potatoes will be produced at each price level.
6. Assume a farmer's land is equally productive in growing corn or potatoes and is currently producing both. If the price of corn increases but the price of potatoes does not change, the farm's supply curve for potatoes will: A shift to the right, and more potatoes will be produced at each price level. not change, because the production of potatoes is not affected by price changes for B. corn. C. shift to the left, and fewer potatoes will be produced at each price level. D. shift to the right, and fewer potatoes will be produced at each price level.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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