Assertion (A): A bumper harvest lowers the price of wheat.
Reason (R): A bumper harvest increases the supply of wheat.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Both are true.
More supply at every price (R), with demand unchanged, means a lower equilibrium price (A).

Concept: Good harvest and price
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsWhen demand or supply shifts

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Assertion (A): A bumper harvest lowers the price of wheat.Reason (R): A bumper harvest increases the supply of wheat.

Explanation

Assertion (A): A bumper harvest lowers the price of wheat.
Reason (R): A bumper harvest increases the supply of wheat.