What does the price of diesel fuel in Russell, KS have to do with the price of bread in Boulder, CO? As the price of diesel fuel in Kansas increases, the price of bread in Colorado falls because it is cheaper to plant, harvest, and transport grain. As the price of bread increases in Colorado, farmers use more and more diesel fuel. This drives up the price of diesel fuel. Since farmers in Kansas use diesel fuel‑powered equipment to plant, harvest, and transport grain, an increase in the price of fuel may increase the price of bread. Nothing. All bread in Boulder, CO is produced with grain from locally owned, wind‑powered, organic farm cooperatives.
What does the price of diesel fuel in Russell, KS have to do with the price of bread in Boulder, CO? As the price of diesel fuel in Kansas increases, the price of bread in Colorado falls because it is cheaper to plant, harvest, and transport grain. As the price of bread increases in Colorado, farmers use more and more diesel fuel. This drives up the price of diesel fuel. Since farmers in Kansas use diesel fuel‑powered equipment to plant, harvest, and transport grain, an increase in the price of fuel may increase the price of bread. Nothing. All bread in Boulder, CO is produced with grain from locally owned, wind‑powered, organic farm cooperatives.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What does the
As the price of diesel fuel in Kansas increases, the price of bread in Colorado falls because it is cheaper to plant, harvest, and transport grain.
As the price of bread increases in Colorado, farmers use more and more diesel fuel. This drives up the price of diesel fuel.
Since farmers in Kansas use diesel fuel‑powered equipment to plant, harvest, and transport grain, an increase in the price of fuel may increase the price of bread.
Nothing. All bread in Boulder, CO is produced with grain from locally owned, wind‑powered, organic farm cooperatives.
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