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

Author Question: Suppose domestic beef producers face demand of QD = 1000 - 5P. Suppose the Chinese acquire a taste ... (Read 136 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
on: Jul 1, 2018
Suppose domestic beef producers face demand of QD = 1000 - 5P. Suppose the Chinese acquire a taste for U.S. beef such that their demand is QD = 500 - 5P. Market demand is now
 a. 1000 - 10P for all P
  b. 1500 - 10P for all P
  c. 1500 - 5P for all P
  d. 1000 - 5P for P > 100 and 1500 - 10P for P < 100

Question 2

Suppose domestic beef producers face demand of QD = 1000 - 5P. In the very short run 500 head of beef are produced. Suppose mad cow strikes a portion of the national herd and the amount brought to market falls to 400 . The price per head will rise by
 a. 10
  b. 30
  c. 30
  d. 50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


rachel9

  • Member
  • Posts: 495
Reply 2 on: Jul 1, 2018
Gracias!

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc A complete cranium of Au. Afarensis from Hadar, Ethiopia, shows a prognathic face and a small brainc
The Pleasure of Taste The Pleasure of Taste
Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face. Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face.
Removal of the Face of One of the Colossal Sculptures of Ramses II at Abu Simbel in the Mid 1960s Removal of the Face of One of the Colossal Sculptures of Ramses II at Abu Simbel in the Mid 1960s
Chinese samosa Chinese samosa
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library