subject
Business, 10.09.2019 18:20 oscarmasinde44

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 quantity of corn will rise but the effect on equilibrium price cannot be determined without more information. b. the price of corn will rise but the effect on equilibrium quantity 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 rise. e. the price and quantity of corn will fall.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 13:30
Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?
Answers: 3
question
Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
question
Business, 22.06.2019 20:00
After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of
Answers: 1
question
Business, 22.06.2019 20:30
Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.
Answers: 3
You know the right answer?
The market for corn is initially in equilibrium. suppose that the production of biofuels, which use...
Questions
question
Computers and Technology, 24.03.2020 02:03
question
Mathematics, 24.03.2020 02:04
question
Biology, 24.03.2020 02:04