Olive oil producers want to sell more olive oil at a higher price. Which of the following events would have this effect?
A) an increase in the price of olive oil presses
B) a decrease in the cost of transporting olive oil to markets
C) an increase in the price of land used to plant olive trees
D) research finds that consumption of olive oil reduces the risk of heart disease
Answer: D
You might also like to view...
The above figure illustrates the demand curve for a good. The good has
A) no substitutes. B) only one substitute. C) only a few substitutes. D) many substitutes.
An advantage of charter schools is they _____
a. educate students at a lower cost than traditional public schools b. increase the amount of competition in the public school system c. have innovative curriculums that lead to rapid student improvement in most cases d. a and b
If outcomes are ________, exactly one of the outcomes will occur and the probabilities add up to ________
A) probabilistic; between 0 and 1 B) exhaustive and mutually exclusive; 1 C) exhaustive; 1 D) mutually exclusive; between 0 and 1
When the interest rate is low
a. much capital is demanded and few resources are available for current consumption. b. much capital is demanded and many resources are available for current consumption. c. little capital is demanded and few resources are available for current consumption. d. little capital is demanded and many resources are available for current consumption.