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

Author Question: In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers ... (Read 156 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the buyers was larger than the effect on the sellers.
 
  Consequently, in the current market for peanut butter there is a ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) rise; an increase
  B) rise; a decrease
  C) fall; a decrease
  D) fall; an increase

Question 2

The demand for labor increases (that is, the demand for labor curve shifts rightward) if the
 
  A) wage rate increases.
  B) wage rate decreases.
  C) price of the firm's output rises.
  D) price of the firm's output falls.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Rising and Setting of Stars at the Equator Rising and Setting of Stars at the Equator
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Clarified butter Clarified butter
The Pathophysiology of Glaucoma (B) Rapidly Rising I O P The Pathophysiology of Glaucoma (B) Rapidly Rising I O P
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library