« previous next »

Author Question: If the tea harvest is bad in a particular year, the supply of tea will a. decrease, its price will ... (Read 61 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
If the tea harvest is bad in a particular year, the supply of tea will
 a. decrease, its price will decrease, and the quantity demanded of coffee will increase
  b. decrease, its price will increase, and the quantity demanded of coffee will increase
  c. decrease, its price will increase, and the quantity demanded of coffee will decrease
  d. decrease, its price will decrease, and the quantity demanded of coffee will decrease
  e. increase, its price will increase, and the quantity demanded of coffee will increase

Question 2

The market for chewing gum is competitive with a current price of 50 cents per pack and quantity of 100,000 packs. Which of the following events would lead to a new equilibrium price of 40 cents and quantity of 80,000 packs?
 a. an increase in the price of other kinds of candy
  b. an increase in the price of the ingredients used to make chewing gum
  c. a decrease in the number of young people in the population
  d. an agreement by workers in the chewing gum industry to work for lower wages
  e. an improvement in chewing gum production technology


Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
New year kid drawing New year kid drawing
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library