Assume the market for sugar

Assignment Help Business Economics
Reference no: EM131090480

Assume the market for sugar. When a drought reduces the sugar crop and at the same sugar substitutes become more popular, then: A. price must increase, but the change in quantity is indeterminate. b. price must decrease, but the change in quantity is indeterminate. c. quantity must increase, but the change is price is indeterminate d. quantity must decrease, but the change in price is indeterminate e. none of the above

Reference no: EM131090480

Questions Cloud

Describe the context of the data set : Describe the context of the data set. You may cite your previous description if the same data set is used from a previous assignment - Specify the variables used in this DAA and the scale of measurement of each variable.
Make sure to address consumption and disposable income : Suppose the government decreases taxes by 20 percent. Describe the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.
If you were in julie roehm position at chrysler : If you were in Julie Roehm's position at Chrysler, how would you distribute Chrysler's advertising dollars among online and traditional TV and print media? Defend your position.
Remarkable portfolios in field : Students are invited to prepare a material based on the following: You are professional event managers with remarkable portfolios in this field. You are preparing a risk management plan for a prestigious event which you are organizing (feel free t..
Assume the market for sugar : Assume the market for sugar. When a drought reduces the sugar crop and at the same sugar substitutes become more popular, then: A. price must increase, but the change in quantity is indeterminate. b. price must decrease, but the change in quantity is..
Lower and less volatile annual rates of inflation : Both theory and experience suggest that (fill in the blank) results in lower and less volatile annual rates of inflation. a. having no central bank b. having a central bank that is not independent c. having a central bank that is highly independent d..
What is the minimum time for 90 per cent recombination : What is the minimum time for 90 per cent recombination?
Annualized percentage forward premium for the dollar : A forward premium for a given currency (say the nominal bilateral exchange rate value of the dollar where S = 80 yen/1 dollar = 80) occurs when the value of the currency as given by the forward spot rate appreciates such as S = 85 yen/1 dollar = 85. ..
Advertising from small companies : How do Google‘s online and revenue sources and strategy differ from yahoo's? Which online and strategy is superior for attracting advertising from small companies? For attracting advertising from large companies? Defend your position.

Reviews

Write a Review

Business Economics Questions & Answers

  What might you reasonably expect of an industry

What might you reasonably expect of an industry in which firms tend to have economies of scale?

  Government imposes a limit on sales of a good or service

If the government imposes a limit on sales of a good or service by issuing a license that gives the owner the right to sell a given quantity of the good, the difference between the demand and supply price

  Market arenas is each of the goods traded

In which of the three market arenas is each of the following goods traded?

  Construct probability distributions for sales-unit profits

Sales and profits for a new product are uncertain. The predicted sales may be as high as 10,000 units per year with a probability of 10%. The most likely value is 7,000 units per year. The pessimistic value is estimated to 5,000 units per year with a..

  What is the avg and marginal product of labor respectively

Consider the following: wagner tool produces output according to q = 2k1/2 L1/2, where K is the amt of capital used and L is the amt of labor employed. wagner is constrained in the short run to use 16 units of capital. labor cost $8 per unit, capital..

  Which segment of the population is one of the wealthiest

Which segment of the population is one of the wealthiest in the U.S.?

  Elucidate the marginal value product per ton of fertilizer

When we apply 50 tons of fertilizer, the total yield is 1500 bushels. Elucidate the marginal value product per ton of fertilizer.

  Calculate the coefficient of price elasticity

Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. What was Diane's economic profit.

  People who are more productive earn higher incomes

In general. People who are more productive earn higher incomes and thus pay higher taxes. How would a change in the immigration laws that favored more highly educated and skilled individuals affect the future tax burden of today’s American college st..

  Make an initial investment at the beginning of first year

You need $23,956 at the end of nine years, and your only investment outlet is a 7 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. What..

  Assuming a steady state of production

A tailor must make 8 of the same size suits for a client. The first suit took 13.1 hours to make and the last suit took 8.2 hours to make. What was the tailor's learning curve % of this run of suits assuming a steady state of production is never reac..

  Explain when bank of maryland will exercise the option

Explain when Bank of Maryland will exercise the option. What is Bank of Maryland's break-even 60-day spot price on the option contracts? On the futures contracts.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd