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 77 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
Gracias!

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

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?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
The age-related increase in spirituality is different for two cohorts born seven years apart. The ... The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
Laboratory-Grown Stem Cells Laboratory-Grown Stem Cells
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library