Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and potatoes are a consumer substitute for bread, we would expect the price of wheat to:
a. rise, the supply of bread to decrease, and the demand for potatoes to increase.
b. rise, the supply of bread to decrease, and the demand for potatoes to decrease.
c. rise, the supply of bread to increase, and the demand for potatoes to increase.
d. fall, the supply of bread to increase, and the demand for potatoes to increase.
Answers: 3
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Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
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Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
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Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingre...
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