Will an increase in the price of labor, a key input in cotton production, cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
2.
If cotton and wheat are substitutes in production, will an increase in the price of wheat cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
3.
Did the adoption of mechanized cotton pickers cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
4.
Will an increase in the expected price of cotton cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
5.
Will an increase in the number of cotton plantations cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
6.
Will an increase in the price of cotton cause the supply of cotton to increase, decrease, or remain unchanged?
A.
The supply of cotton will increase.
B.
The supply of cotton will decrease.
C.
The supply of cotton will remain unchanged.
7.
Which of the following will cause the supply of cotton to increase?
A.
Producers expect the price of cotton to increase in the future.
B.
Environmental regulations limit the land available for cotton farming.
C.
The price of fertilizer decreases.
8.
Which of the following will cause the supply of cotton to decrease?
A.
A decrease in the price of labor, a key input used in cotton production
B.
A decrease in the price of a complement in production
C.
A particularly favorable growing season
9.
Which of the following will cause the supply of cotton to decrease?
A.
A flood negatively impacts cotton plantations
B.
The price of cotton decreases
C.
The price of fertilizer decreases
10.
Which of the following will lead to an increase in the supply of cotton?
