« 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 26 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?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Blood supply to the pituitary gland Blood supply to the pituitary gland
A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library