the demand for ethanol is affected by the following factors (pick the best of the choices):
a) the price of corn (an input to ethanol production)
b) the number of ethanol plants that produce ethanol
c) a change in the technology of ethanol production
d) a new regulation mandating increased use of ethanol mixed gasoline
e) all of the above
d) a new regulation mandating increased use of ethanol mixed gasoline
You might also like to view...
Calculate inflation between 2018 and 2019 if the GDP deflator was 115 in 2018 and 130 in 2019.
What will be an ideal response?
A. Realizing allocative efficiency implies that productive efficiency has been realized. B. Productive efficiency can only occur if there is also allocative efficiency. C. Society can achieve either productive efficiency or allocative efficiency,
but not both simultaneously. D. Productive efficiency and allocative efficiency can only occur together; neither can occur without the other. A. increase its supply. B. increase its price. C. increase the quantity sold. D. increase its demand.
Barriers to entry serve to limit the number of firms that operate in a particular market and, as such, reduce the amount of total profit earned in the market
Indicate whether the statement is true or false
When deriving the production possibilities curve, it is assumed that
A) the amount of each good that is to be produced is fixed. B) the prices of resources are fixed along the curve. C) most resources can be used to produce only one good. D) resources are efficiently used.