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yawa3891 [41]
2 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]2 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:

$14,960

Explanation:

Pay $22,000 bill in December:

$22,000 tax deduction × 32%marginal tax rate = $7,040 in present value tax savings.

After-tax cost= Pretax Cost − Present Value

Tax Savings= $22,00 − $7,040

= $14,960

Therefore the after-tax cost if she pays the $22,000 bill in December will be $14,960

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Explanation:

Savings are the money one has saved, especially through a bank or official scheme.

You can save in a bank by frequently depositing money into a bank account.

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Answer:

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Explanation:

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ordinary loss                  - $5000

tax exempt income       -$2000                  

Charitable contribution -$800

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Al’s Fine Winery has had workers attempting to ban together to form a union. Al’s wants to avoid letting the workers gain too mu
kogti [31]

Answer:

The correct answer is letter "B": Yellow dog contracts.

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A rookie quarterback is negotiating his first nfl contract. his opportunity cost is 10%. he has been offered three possible 4-ye
fomenos

Answer:

He should accept contract 2 because it has a higher present value.

 Explanation:

The numbers are missing, so I looked for a similar question:

<em>year 1 2 3 4 </em>

<em>Contract 1 $3,000,000 $3,000,000 $3,000,000 $3,000,000 </em>

<em>Contract 2 $2,000,000 $3,000,000 $4,000,000 $5,000,000 </em>

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