Author Question: Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what ... (Read 130 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what will be the effect in the egg market?
 a. The quantity of eggs demanded will increase.
  b. Egg demand will decrease.
  c. Egg supply will increase.
  d. Egg supply will decrease.

Question 2

Farmers can produce wheat and/or rice. What will happen in the wheat market if there is an increase in the price of rice?
 a. Wheat supply will increase. b. Wheat supply will decrease.
  c. Wheat demand will increase. d. Wheat demand will decrease.



Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library