Indicate how the following affect the supply curve for rice: More subsidies granted to rice farmers Government eased the importation of rice Price of fertilizers increased Improved technology was used in rice production

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 20QP
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Indicate how the following affect the supply curve for rice:

  1. More subsidies granted to rice farmers
  2. Government eased the importation of rice
  3. Price of fertilizers increased
  4. Improved technology was used in rice production
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