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iren [92.7K]
3 years ago
5

Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of

a new breed of chicken that gains more weight than existing breeds that consume the same amount of food. How will these developments affect the equilibrium price and quantity of chickens sold in the United States?

Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

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If we say that a price is too high to clear the market, we mean that Multiple Choice
algol13

Answer:

The answer is 1. quantity demanded exceeds quantity supplied.

When the quantity demanded exceeds the quantity supplied, this makes room for a shortage of goods in the market a day and excess demand. Because of this, the price of existing products increase as a lesser number of goods has to be distributed among many people.

When such scenarios happen, the government can take actions such as importing goods from abroad.

Explanation:

3 0
3 years ago
If a check correclty written and paid by the bank is incorrectly recorded in the company;s's books for $794 how should this erro
worty [1.4K]

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,  this error be treated on the bank reconciliation--- Subtract $45 from the book balance.

What is bank reconciliation?

Bank Reconciliation is an important process in accounting in which organizations match their bank statements with the transactions that are recorded in their general ledger. Preparing a bank reconciliation statement helps businesses to eliminate possible errors in transactions or bookkeeping

What is the journal entry for bank reconciliation?

The journal entries for the bank fees would debit Bank Service Charges and credit Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

Learn more about bank reconciliation :

brainly.com/question/15525383

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6 0
2 years ago
To promote interest in attending a convention, you should send out a/an A. site inspection. B. convention program. C. invitation
konstantin123 [22]
Hello, I think that the answer is A,I say this because when you make a assembly,you want to make sure that the water and the heating is all good and just inspect the place very good for the assembly to have a good representation,so yeah


Hope this helps,have a great night :)
7 0
3 years ago
Read 2 more answers
When Kelsey decreases her price of lipstick from $7 to $5, she finds that her sales increase from 6 to 7. She faces ________ dem
yuradex [85]

Answer:

elastic; rise

Explanation:

6 0
3 years ago
Entrepreneurs emphasize the importance of believing in your own ideas because in the process of developing those ideas you are l
Sveta_85 [38]

Answer:

B. Self-directed and self-nurturing.

Explanation:

Self-directed means directed or guided without anyone else, particularly as an autonomous agent.

Self-nurturing is taking care of yourself. Numerous individuals put themselves at the base of their own rundown of needs. The outcome is burnout, fatigue and hatred. Self-nurturing doesn't need to be troublesome or excessively time-consuming.

5 0
4 years ago
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