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Author Question: Suppose a negative technological change in the production of disease-resistant wheat caused the ... (Read 126 times)

hbsimmons88

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on: Jun 29, 2018
Suppose a negative technological change in the production of disease-resistant wheat caused the price of wheat to rise. Holding everything else constant, how would this affect the market for corn (a substitute for wheat)?
 
  A) The supply of corn would decrease and the equilibrium price of corn would increase.
  B) The demand for corn would increase and the equilibrium price of corn would increase.
  C) The demand for corn would increase and the equilibrium price of corn would decrease.
  D) The demand for corn would decrease because consumers could afford to buy less wheat and corn.

Question 2

Refer to Table 4-12. The equations above describe the demand and supply for Bubba's Fried Jellybeans. The equilibrium price and quantity for Bubba's Fried Jellybeans are 40 and 5 thousand units. What is the value of consumer surplus?
 
  A) 5 thousand B) 12.5 thousand C) 25 thousand D) 37.5 thousand
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amynguyen1221

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hbsimmons88

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Reply 2 on: Jun 29, 2018
Excellent

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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