A decrease in the demand for eggs due to changes in consumer tastes, accompanied by a decrease in the supply of eggs as a result of an outbreak of Avian flu, will result in
A) a decrease in the equilibrium price of eggs and no change in the equilibrium quantity.
B) a decrease in the equilibrium price of eggs; the equilibrium quantity may increase or decrease.
C) a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease.
D) a decrease in the equilibrium quantity of eggs and no change in the equilibrium price.
Question 2
Which of the following would explain why accounting profit might be greater than economic profit?
A) A firm has only explicit costs.
B) A firm's net income is greater than its accounting profit.
C) A firm's net income is less than its accounting profit.
D) A firm has implicit costs as well as explicit costs.
Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
Female Skink with Eggs
Eggs of Potamon fluviatile, a freshwater crab
Octopus eggs
Strings of frog eggs
Floral components. Anthers produce pollen and ovules produce eggs.