« previous next »

Author Question: Suppose that milk producers expect that the price of milk is going to drop next week. This would ... (Read 107 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
Suppose that milk producers expect that the price of milk is going to drop next week. This would cause
 
  A) a decrease in the supply of milk today.
  B) an increase in the supply of milk today.
  C) an increase in the demand for milk today.
  D) the selling price of milk to rise today.

Question 2

Along a short-run aggregate supply curve, which of the following is (are) held constant?
 
  A) real GDP
  B) aggregate demand
  C) input prices.
  D) profits


lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

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.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Pressure drop after 10 minutes on a normal port fuel-injection system. Pressure drop after 10 minutes on a normal port fuel-injection system.
Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ... Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ...
Northern blot of the G14 subunit in the salivary glands of a 1-week-old and a 4- to 6-week-old rat. ... Northern blot of the G14 subunit in the salivary glands of a 1-week-old and a 4- to 6-week-old rat. ...
Drop Dead Healthy Drop Dead Healthy
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
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: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library