« previous next »

Author Question: Assuming that turkey, chicken, pork, and beef are substitutes, suppose that the price of turkey has ... (Read 130 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?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Chicken egg without its shell Chicken egg without its shell
Alan Price - Poor People Alan Price - Poor People
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Opener Chromatin fibers spilling out of a chicken erythrocyte Opener Chromatin fibers spilling out of a chicken erythrocyte
Thanks giving super mario turkey 2023 Thanks giving super mario turkey 2023
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library