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

Author Question: Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in ... (Read 23 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in the price of corn will
 a. increase the supply of corn
  b. increase the supply of soybeans
  c. decrease the supply of soybeans
  d. decrease the supply of corn
  e. have no effect on the supplies of corn and soybeans

Question 2

An increase in the price of a good normally increases the
 a. demand for its substitutes
  b. supply of complements for the good
  c. purchasing power of consumers' dollar incomes
  d. money income of the consumer
  e. quantity demanded of all goods that are unrelated to the good in question


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
:D TYSM

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Hybrid vigor in corn Hybrid vigor in corn
A plant grown from a [round, yellow] seed is crossed with a plant grown from a [ A plant grown from a [round, yellow] seed is crossed with a plant grown from a [
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ... An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ...
Bbq shrimps, burgers and chicken with buttery corn Bbq shrimps, burgers and chicken with buttery corn
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library