Which of the following is most likely false?
a. An increase in the price of fertilizer used in sugar beet production will cause a decrease in the supply curve for sugar beets.
b. If a new production technology reduces the cost of producing sugar beets, the supply curve for sugar beets is likely to decrease.
c. A change in the demand for sugar beets will cause a movement along the supply curve for sugar beets.
d. The supply curve for sugar beets is based on the cost of production of the sugar beet farms.
Answer: B
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