alleryWheat prices are low and chickpea prices high, so a farmer plants chickpeas. Which factor is this?
ATechnology gain
BPrice of related goods
CNumber of sellers
DTaste of buyers
Answer & Solution
Correct answer: B. Price of related goods
Supply of one crop depends on how profitable the alternative crop is.
Keep practising Markets and Price Mechanisms
Browse all Markets and Price Mechanisms questions for CBSE Class 9, or explore more Social Science topics.
Related questions
A cheaper way to grow wheat raises supply at every price. What happens to the equilibrium If demand increases and the supply curve stays put, what happens to equilibrium price and In economics, what is a movement along a demand curve called?How can heavy rules and price controls hurt long-term output?Many permits for food safety, fire safety and pollution control burden which group most?The government fixes wheat at ₹20 per kg while the market price is ₹30. What may follow?Each family hopes others will pay for a park, so too little is raised. What follows?Why do private companies usually avoid providing public goods?