Create an account
an economic system in which relative prices change to reflect changes in supply and demand for different commodities
2500 next year
an acre of land yields 100 bushels of corn and 1 bushel of corn provides enough seed for 1/4 of an acre of land. the opportunity cost of consuming another 100 bushels of corn today is...?
a decrease in the demand for chicken
chicken and beef are substitutes. given a downward sloping demand curve for beef, a fall in beef will result in
a rightward shift of the supply curve so that more is offered at each price
any improvement in overall production technology that permits more output to be produced with the same level of inputs causes....?
equilibrium quantity will increase and the equilibrium price is indeterminate
consumers increase their demand for a product and the manufacturer increases supply
a decrease in the price of good X and an increase in the quantity of X
if other factors remain unchanged, technological progress in producing good X should lead to
the supply of pizza would decrease and price would rise
the price of cheese rises. in the market for pizza, one would expect that
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together