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netineya [11]
3 years ago
9

Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that Group of answer choices a. the

supply curve for wheat must be vertical. b. the demand curve for wheat must be vertical. c. the resulting increase in price is proportionately greater than decrease in quantity sold. d. the decrease in quantity sold is proportionately larger than the resulting change in price.
Business
1 answer:
Rufina [12.5K]3 years ago
5 0

Answer:

The correct answer is c. the resulting increase in price is proportionately greater than decrease in quantity sold.

Explanation:

if supply decreases and the supply curve shifts to the left the equilibrium price is likely to increase. An increase in revenue after an increase in price would mean that an increase in price is proportionately greater than a decrease in quantity sold.

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<u>Relationship selling</u>

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3 years ago
Jethro has a(n) ____________________ in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddlin
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Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.

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Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

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brainly.com/question/14044496

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