« 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 73 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?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Vehicle transmission occurs through contamination of inanimate objects, such as milk. Vehicle transmission occurs through contamination of inanimate objects, such as milk.
Frog eggs Frog eggs
Farmers use pesticides on food crops to diminish the damage from pests Farmers use pesticides on food crops to diminish the damage from pests
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library