Question

Farmers selling some of their soybeans in storage because they anticipate a lower price of soybeans in the near future would cause a:

Answer 1

Farmers selling some of their soybeans in storage would cause a rightward shift in the supply of soybean.

What is the law of demand?

The law of demand is well known in economy and indicates that over-demand will increase the prices of a given product.

This law can be understood as a higher is the demand, then higher will be the price of the product demanded.

In conclusion, farmers selling some of their soybeans in storage would cause a rightward shift in the supply of soybean.

Learn more about the law of demand here:

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