Explain what could be responsible for the pattern

Assignment Help Microeconomics
Reference no: EM13237823

peanut butter and jelly are frequently used together in sandwiches, and are thus considered complements. if we observe that both the equilibrium price of peanut and the equilibrium quantity of jelly have risen, what could be responsible for this pattern - a fall in the price of peanuts, or a fall in the price of strawberries?

Reference no: EM13237823

Questions Cloud

Define the highest vapor pressure of aqueous solutions : Which of the following ideal aqueous solutions would be predicted to have the highest vapor pressure. 2.00 m MgBr2
What is the total cost of producing q units of honey : Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $30 per month. Producing q gallons of honey in one month requires spending 5q dollar bees
Made a gain or loss due to the exchange rate change : Has Wruck Enterprises made a gain or loss due to the exchange rate change, and how much? Note that your shareholders live in the US.
Defien data obtained for the decomposition of n2o5 : The following data were obtained for the decomposition of N2O5 in the presence of 1 atm. N2 at 298 K.time (hr.) P(N2O5) atm P(N2O5) P(N2O5) P(N2O5) (for P(N2)=5 P(N2O5) (atm))
Explain what could be responsible for the pattern : if we observe that both the equilibrium price of peanut and the equilibrium quantity of jelly have risen, what could be responsible for this pattern - a fall in the price of peanuts, or a fall in the price of strawberries
Would a higher product price lead to greater output : Suppose that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output Would an increase in input prices lead to a reduction in output
Define henderson-hasselbalch equation to calculate the ph : Use the Henderson-Hasselbalch equation to calculate the pH of a buffer that is 0.158 M HClO and 0.099 M NaClO. The Kb for HClO is 3.45 x 10^-7.
Contrast value-rarity-imitability and organizational aspects : Conduct a VRIO analysis of a successful firm or organization relative to one of its rivals. Contrast the value, rarity, imitability, and organizational aspects of its tangible and intangible resources and capabilities to those of its rival.
What is the magnitude of the trucks velocity : Relative to the ground, a car has a velocity of 16.8 m/s, directed due north, What is the magnitude of the truck's velocity relative to the ground

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Impacts of innovation and technology on cost of production

Determine what are the impacts of innovation and technology on the cost of production and explain how does technology affect market structure and real world competition?

  Principle of marginal benefit and marginal cost

Mark discovers that he needs to do an additional $200 of work to make the cabinet worth $360 topotential buyers. He could also sell the cabinet now, without completing theadditional work, for $100. What should he do?

  Show the directions of increasing utility

Alexa likes ice cream, but dislikes yogurt. if you make her eat another gram of yogurt, she always requires two extra grams of ice cream to maintain a constant level of satisfaction. on a graph with grams of yogurt on the vertical axis.

  Determine the breakeven output

Assuming that sales of oil are normally distributed with a mean of 362,500 barrels and a standard deviation of 100,000 barrels, determine the probability that Offshore will incur an operating loss.

  Multiple choice questions - economic theory

The difference between the average earnings of eye surgeons and those of janitors is an example of

  What can the federal reserve bank do to keep output

Suppose that consumers become pessimistic about the future health of the economy. What will happen to aggregate demand, output, and employment in the short run. Use the AD/AS figure to illustrate.iii) Considering the macroeconomic effects of pessi..

  What impact does increasing or decreasing printing of money

What would happen to each of the following economic varibles if the government increased the money supply by 20% per year: M1, interest rates, inflation and wages What impact does increasing or decreasing the printing of money have on the economy ..

  Why dosent the government get the centarl bank to wait

Alan Greenspan,chairman of the fed ,was the leading proponent of the view that it is too difficult , and potentialy too harmfull,topop a bubble by raising interest rates..if bubble emerged, better to quickly lower interest rates to cushion the blo..

  Explain absolute macroeconomic equilibrium

Explain and illustrate what is expected to happen to an economy in "absolute macroeconomic equilibrium when, ceteris paribus, there is an established concerted policy to bring down loanable interests rates. Use both, the Aggregate Expenditure grap..

  Monopoly optmum

How does the charging the monoply a specific tax per unit affect the monopoly optmum

  Economic naturalist writing assignment

Use a principle, or principles, discussed in the course to explain some pattern of events or behaviour that you personally have observed.

  Explain the process of revenue at nsu

Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.

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