Question

According to the laws of supply and demand, if romans begin to eat more grain and the egyptians who supply it to them continue to grow the same amount, what will eventually happen?

Answer 1

In the above scenario of demand and supply, Rome will pay more for the grain, and Egypt will produce more.

What is the law about?

The law of demand implies that at a set higher prices, customers will demand low of a good.

The law of supply says that at big prices, sellers will supply a lot of an economic good.

Therefore, In the above scenario of demand and supply, Rome will pay more for the grain, and Egypt will produce more.

See options below

Rome will pay more for the grain, and Egypt will produce more.

Rome will pay less for the grain, and Egypt will produce less.

Rome will pay less for the grain, and Egypt will produce more.

Rome will pay more for the grain, and Egypt will produce less.

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