Global tobacco production has increased by 200% since the 1960s, with developing countries (particularly China and Brazil) seeing increases of 300%. The developing countries have seen a large increase in the number of new small farms growing tobacco.
Select the item from the list provided to make the following statements true.
– 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
The main factor detailed in the scenario causing the increase in supply is an __________.
– 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
If the price of tobacco has also been rising over time, then the impact of price alone and the extra quantity being produced can be explained as an __________.
1.Upward movement along the supply curve2.Increase in quantity supplied3.Changes in technology4.Tax5.Decrease in the quantity supplied6.Shift left7.More suppliers8.Subsidy9.Increase in the number of suppliers10.Deflate11.Shift right12.Remained unchanged