Ranchers can raise either cattle or sheep on their land. Which of the following would cause the supply of sheep to increase?
A) an increase in the price of sheep
B) a decrease in the price of cattle
C) an increase in the demand for cattle
D) an increase in the price of sheep feed
Answer: B
You might also like to view...
Checks ________ money and checking deposits ________ money
A) are; are B) are; are not C) are not; are D) are not; are not
Tying products can be a profitable strategy for facilitating price discrimination only when:
a. the demands for the goods are unrelated. b. the supply of one of the tied products is low. c. the demands for the goods are related. d. the market for one of the goods is competitive.
A decrease in the price of a good will cause a decrease in the firm's demand for labor
Indicate whether the statement is true or false
Codetermination refers to
a. allowing worker participation but only at the shop floor. b. allowing representatives of labor on management boards. c. turning trade unions into company unions. d. the alliance between government and labor unions in Germany. e. all of the above.