egyptforrest7529 egyptforrest7529

03-02-2020
Business

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The development of genetically modified soybean seeds such as Roundup Ready seeds lowered tillage costs for soybean growers. How will this technological advance affect the supply of soybeans?

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sebastiansierraocm sebastiansierraocm

05-02-2020

Answer:

It will increase the supply of soybeans

Explanation:

This technological advancement has shifted the supply curve of soybeans to the right because it has made the production of soybeans cheaper. This means that now suppliers are willing to provide more soybeans at any given price, therefore, the supply will increase.

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