This topic contains a solution. Click here to go to the answer

Author Question: In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers ... (Read 152 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the buyers was larger than the effect on the sellers.
 
  Consequently, in the current market for peanut butter there is a ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) rise; an increase
  B) rise; a decrease
  C) fall; a decrease
  D) fall; an increase

Question 2

The demand for labor increases (that is, the demand for labor curve shifts rightward) if the
 
  A) wage rate increases.
  B) wage rate decreases.
  C) price of the firm's output rises.
  D) price of the firm's output falls.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jossy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

A

Answer to Question 2

C




clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

For a complete list of videos, visit our video library