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amm1812
2 years ago
12

A U.S. business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?

Business
1 answer:
lys-0071 [83]2 years ago
6 0

A situation that would most likely cause demand for milk to rise in France is French consumers expect the price of milk to increase in the future.

<h3>What causes an increase in the demand for a product?</h3>

The demand for a product is affected by:

  • future expectations
  • change in the price of other goods
  • Change in the income of consumers

When it is expected that the price of a product would increase in the future. Consumers would want to buy the product now when it is cheaper so as to save money.

For more information about the change in demand, please check: brainly.com/question/25871620

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The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.

Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run  is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil

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merge law and equity

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In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

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