« previous next »

Author Question: Assuming that turkey, chicken, pork, and beef are substitutes, suppose that the price of turkey has ... (Read 71 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Assuming that turkey, chicken, pork, and beef are substitutes, suppose that the price of turkey has fallen. This will, other things being equal
 
  A) reduce demand for chicken, pork, and beef.
  B) leave demand for chicken, pork, and beef unchanged.
  C) increase demand for chicken, pork, and beef.
  D) increase quantity demanded of beef.

Question 2

Oligopolies can result from any of the following EXCEPT
 
  A) economies of scale.
  B) vertical mergers.
  C) government regulation.
  D) diseconomies of scale.


cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Fried Chicken Burger vs Grilled Chicken Burger Fried Chicken Burger vs Grilled Chicken Burger
BBQ Chicken BBQ Chicken
Cutting a Pocket in Pork Chops Cutting a Pocket in Pork Chops
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
beef on weck Buffalo beef on weck Buffalo
Chicken wings scented candles Chicken wings scented candles
Video: Griffith's experiments

For a complete list of videos, visit our video library