« previous next »

Author Question: Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what ... (Read 113 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 30, 2018
Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what will be the effect in the egg market?
 a. The quantity of eggs demanded will increase.
  b. Egg demand will decrease.
  c. Egg supply will increase.
  d. Egg supply will decrease.

Question 2

Farmers can produce wheat and/or rice. What will happen in the wheat market if there is an increase in the price of rice?
 a. Wheat supply will increase. b. Wheat supply will decrease.
  c. Wheat demand will increase. d. Wheat demand will decrease.


Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
Food Sources Milk and yogurt Food Sources Milk and yogurt
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library