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Take Test: ECO158 Exam 2-EC0156-Prin of Economics. Remaining Time: 08 minutos, 48 seconds Question Completion Status: 03 1457歷过圈圈网圈 49 | | 501 folde > Δ Moving to another question will save this response. Question 49 If wheat prices rose by 12 percent when producers thought other prices were rising by 15 percent, 0 A. wheat output would tend to rise as a result. OB. wheat output would tend to fall as a result. OC. wheat output would tend to remain unchanged as a result. D. we could not predict the likely change in wheat output that would result Moving to another question will save this response. MacBook Pr 91 F4 FS FT F2 F3
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Answer #1

49. Option B

Explanation: When the rise in wheat price is lower than the rise in the price of other goods, there is an effective decrease in the price of wheat. Therefore, producers would tend to produce less wheat.

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