This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a negative technological change in the production of disease-resistant wheat caused the ... (Read 108 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
Suppose a negative technological change in the production of disease-resistant wheat caused the price of wheat to rise. Holding everything else constant, how would this affect the market for corn (a substitute for wheat)?
 
  A) The supply of corn would decrease and the equilibrium price of corn would increase.
  B) The demand for corn would increase and the equilibrium price of corn would increase.
  C) The demand for corn would increase and the equilibrium price of corn would decrease.
  D) The demand for corn would decrease because consumers could afford to buy less wheat and corn.

Question 2

Refer to Table 4-12. The equations above describe the demand and supply for Bubba's Fried Jellybeans. The equilibrium price and quantity for Bubba's Fried Jellybeans are 40 and 5 thousand units. What is the value of consumer surplus?
 
  A) 5 thousand B) 12.5 thousand C) 25 thousand D) 37.5 thousand
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amynguyen1221

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Gracias!

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Cow Wheat Cow Wheat
Symptoms of dementia associated with Alzheimer disease are progressive. Symptoms of dementia associated with Alzheimer disease are progressive.
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Positive and Negative Reinforcement Positive and Negative Reinforcement
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Video: The Vestibular System

For a complete list of videos, visit our video library