Question 37
MediumOriginal questionMatch each change with its effect on the supply of rice.
| List I | List II |
|---|---|
| A. A new high-yield seed | I. Extension of supply |
| B. A rise in fertiliser prices | II. Increase in supply |
| C. A rise in the price of rice | III. Decrease in supply (fewer sellers) |
| D. Many farmers leave rice farming | IV. Decrease in supply (costlier input) |
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
A better seed is better technology: supply increases. Dearer fertiliser raises cost: supply decreases.
Rice's own price rising is an extension; fewer farmers is a decrease.
- Concept
- Changes in the supply of rice
- Typical timeTypical
- 90 s
- Your timeYours
- —
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