The figure shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S2?     Multiple Choice   a new tax on wheat production   a decrease in the price of water   an increase in the price of water

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 14RQ: What is an externality?
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The figure shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S2?

 

 

Multiple Choice
  •  

    a new tax on wheat production

  •  

    a decrease in the price of water

  •  

    an increase in the price of water

  •  

    an increase in the price of wheat

S3 S
S1
$5
Sz
2 4 6 8 10 12 14 16 18 20
Quantity Supplied
(thousands of bushels per week)
4)
3.
2.
(punod jəd) əɔỊ
Transcribed Image Text:S3 S S1 $5 Sz 2 4 6 8 10 12 14 16 18 20 Quantity Supplied (thousands of bushels per week) 4) 3. 2. (punod jəd) əɔỊ
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