Nitrogen is an important input in the production of vegetables. If the price of nitrogen decreases,...

Nitrogen is an important input in the production of vegetables. If the price of nitrogen decreases, all else being equal, what will mostly likely happen in the market for vegetables?

a. The supply of vegetables will be unaffected.

b. The supply of vegetables will decrease.

c. The supply of vegetables will increase.

d. The supply of nitrogen will increase.

Solutions

Expert Solution

Being nitrogen one of the most indispensable input in the production of vegetables the rise of the price of no2 will make an adverse effect in the vegetables production other things being equal vegetables will be decreased... On the other hand if the nitrogen price is increased then the supply of vegetables will likely to decrease in production hence it leads to the increase in the price

Rahul Sunny answered 1 year ago

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