This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The total market demand for the wheat grown by U.S. farmers is A) always equal to the total ... (Read 91 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
The total market demand for the wheat grown by U.S. farmers is
 
  A) always equal to the total supply.
  B) completely or perfectly elastic.
  C) completely or perfectly inelastic.
  D) less than completely or perfectly elastic.
  E) unit elastic at the prevailing price.

Question 2

Which of the following would be inconsistent with the notion of a competitive market process and the notion of perfect competition?
 
  A) Price searching behavior
  B) Predatory pricing
  C) Advertising
  D) Licenses and other legal restrictions on entry
  E) Hostile takeovers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

« previous next »
 

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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Thanks to agricultural advances, the world’s farmers can grow plenty of food Thanks to agricultural advances, the world’s farmers can grow plenty of food
Kepler’s Law of Equal Areas Kepler’s Law of Equal Areas
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library