Increased prices of fertilizers would bring a change in the price of a related (substitute) good.
The use of too much fertilizers in the crop increases the crop yields but decreases it's quality and thus the crops are available at a cheaper rate. On the contrary, when the fertilizers has increased, there would be lesser application of fertilizers with a good crop yield but an increased price of the related good too.
It is not profitable to utilise a pound of fertiliser when the price is higher than the anticipated increase in revenue from applying it to the field. Producers will be encouraged to use less fertiliser per acre because fertiliser prices have risen more than most crop prices.
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Consideration<span> is the concept of legal value in connection with </span>contracts, so option <span>A. The list of people who are legally authorized to negotiate the contract !</span>
A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.
Using the diagram of the market for corn. If the price in this market is $2 per bushel, then there will be option A: a shortage of 8 thousand bushels.
<h3>What is the issue of the quantity demanded about?</h3>
Based on the image attached, 12 thousand bushels are being wanted at this price of $2 per bushel, while 4 thousand bushels are being delivered.
These figures are also shown in the image above. Now when you contrast the quantity given and sought at this pricing. The quantity supplied (12) lower than the quantity demanded (4). Or, to put it another way, the quantity that producers want to sell is lower than the quantity that customers want to purchase.
Therefore, Since Qd > Qs, we refer to this as an excess demand scenario or shortage.
Hence, 12 - 4 = 8
So there is a a shortage of 8 thousand bushels in quantity supplied.
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Answer:
The correct answer is (B)
Explanation:
In participative leadership managers usually involve employees in making and implementing various decisions. Participative leadership is a type of democracy which help managers and employees to work together to achieve a common goal. Managers usually ask employees to join them in decision making and everybody is free to speak and suggest different measures. Although, very few managers use a participative leadership style.
