Reference no: EM131198646
Which of the following statements describes a change in the quantity supplied and which describes a change in supply??
I Farms are selling less chicken because the price of turkey has increased.
II Farms are selling less chicken because the price of chicken has fallen.
III Farms are selling more chicken because the price of chicken has risen.
IV Farms are selling more chicken because the cost of chicken feed has fallen.
A. I and IV are changes in supply and II and III are changes in the quantity supplied.
B. ?I, II, and III are changes in supply and IV is a change in the quantity supplied.
C. I, II, and III are changes in the quantity supplied and IV is a change in supply
D. I is a change in the quantity supplied and? II, III, and IV are changes in supply.
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Describes change in the quantity supplied
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