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

Author Question: The total market demand for the wheat grown by U.S. farmers is A) always equal to the total ... (Read 87 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
The total market demand for the wheat grown by U.S. farmers is
 
  A) always equal to the total supply.
  B) completely or perfectly elastic.
  C) completely or perfectly inelastic.
  D) less than completely or perfectly elastic.
  E) unit elastic at the prevailing price.

Question 2

Which of the following would be inconsistent with the notion of a competitive market process and the notion of perfect competition?
 
  A) Price searching behavior
  B) Predatory pricing
  C) Advertising
  D) Licenses and other legal restrictions on entry
  E) Hostile takeovers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
:D TYSM

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Eclipse Paths for Total and Annular Eclipses 2001–2020 Eclipse Paths for Total and Annular Eclipses 2001–2020
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library