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yawa3891 [41]
3 years ago
6

Milk has an inelastic demand, and beef has an elastic demand. Suppose that a mysterious increase in bovine infertility decreases

both the population of dairy cows and the population of beef cattle by 50 percent.
The change in equilibrium quantity will be

a. greater in the milk market than in the beef market.
b. greater in the beef market than in the milk market.
c. the same in the milk and beef markets.
d. Any of the above could be correct.
Business
1 answer:
makkiz [27]3 years ago
7 0

Answer:

b. greater in the beef market than in the milk market.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic if quantity demanded is more sensitive to changes in price. A small change in price leads to a greater change in quantity demanded.

Demand is inelastic if when price changes, there is little or no change in quantity demanded.

If there's bovine fever which decreases the population of beef cattle by 50 percent, supply would fall and price would rise. As a result of the rise in price, quantity demanded of beef would fall more than the quantity demanded of milk because beef has an elastic demand while milk has an inelastic demand.

I hope my answer helps you

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Answer:

The correct answer is $84 million.

Explanation:

According to the scenario, the computation of the given data are as follows:

Taxable income = $255 million

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So, Current tax payable = $255 million × 40% = $102 million

So, Net current tax payable = Current tax payable - Tax credit

= $102 million - $30 million

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Total income tax expense = net current tax payable + Additional projected liability

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Answer:

Option B: Debit card

Explanation:

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If I'm correct-- by outdoor advertising do you mean commercials and ads encouraging people to go outside?
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The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of th
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<u>Full question:</u>

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<u>Answer:</u>

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