The market for corn is initially in equilibrium. suppose that the production of biofuels, which use corn as an input, increase, and at the same time, increases in the price of oil cause farm production costs to rise. which of the following explains the effect on equilibrium price and quantity in the corn market?
a. the price and quantity of corn will rise.
b. the quantity of corn will rise, but the effect on equilibrium price cannot be determined without more information.
c. the quantity of corn will fall, but the effect on equilibrium price cannot be determined without more information.
d. the price and quantity of corn will fall.
e. the price of corn will rise, but the effect on equilibrium quantity cannot be determined without more information.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 00:30, ummmmmmmmmmmm
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
Business, 22.06.2019 06:00, kyeilahj
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
Business, 22.06.2019 16:20, milkshakegrande101
There are three factors that can affect the shape of the treasury yield curve (r* t , ip t , and mrp t ) and five factors that can affect the shape of the corporate yield curve (r* t , ip t , mrp t , drp t , and lp t ). the yield curve reflects the aggregation of the impacts from these factors. suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the us treasury yield curve can take. check all that apply. a. downward-sloping yield curveb. upward-sloping yield curvec. inverted yield curve
Answers: 1
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
Do you know the correct answer?
The market for corn is initially in equilibrium. suppose that the production of biofuels, which use...
Questions in other subjects:
English, 24.02.2021 03:50
