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Bumek [7]
2 years ago
13

Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b

read and potatoes are a consumer substitute for bread, we would expect the price of wheat to:
a. rise, the supply of bread to decrease, and the demand for potatoes to increase.
b. rise, the supply of bread to decrease, and the demand for potatoes to decrease.
c. rise, the supply of bread to increase, and the demand for potatoes to increase.
d. fall, the supply of bread to increase, and the demand for potatoes to increase.
Business
1 answer:
tatyana61 [14]2 years ago
3 0

Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.

Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.

Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.

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As Veronica Janneck and her friends prepare to graduate from college, they are faced with numerous job offers with starting sala
anastassius [24]

Answer:

The answer to this question is B. Peak

Explanation:

The peak stage of a business cycle is the stage where the economy is producing at is maximum rate and the rate of employment is higher. At the peak cycle, employment is at or above full employment, and inflationary pressures on prices are evident. A peak is the highest point of the business cycle, when the economy is producing at maximum allowable output,

3 0
3 years ago
at the phase 3 meeting, the project manager will outline the process to . a.) transfer the deliverables into operational state a
alexandr1967 [171]

The project manager will outline how to transfer the deliverables in operational status and formally close the project at the phase 3 meeting.  So, the correct option choice for this question would be option (b).

<h3>Write a short note on project management.</h3>

Project management may be regarded as the process of overseeing a team's activity to complete all project objectives within the established parameters. Usually, explanations of this information are included in the project documentation that is created at the beginning of the development process. Scope, budget and time are the three basic constraints. The other issue is how to best distribute the required inputs while still using them to accomplish predetermined objectives.

To deliver a finished product that satisfies the client's needs is the aim of project management. Modifying the client's brief to better effectively accomplish the client's aims is typically the goal of project management. Once the client's objectives are known, they should direct all other project members' decisions.

To know more about, project management, visit :

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4 0
11 months ago
At the end of the accounting period, a company's overhead was overapplied by $400. The Factory Overhead account was properly adj
wariber [46]

Answer:

The overapplied factory overhead results in more expense. The overapplied factory overhead results in increase in cost of good sold. Over-application means that actual overhead are less than reported expense. At the end of the accounting period the company will pass following accounting entry to adjust over application

Debit FOH account                400

Credit Cost of Good Sold       400

So after this adjustment the net income will increase by 400 dollars.

5 0
3 years ago
Char and Russ Dasrup have one daughter,Siera.who is 16 years old.ln November of last year,the Dasrup's took in Siera's 16 year o
Naddik [55]

Answer:

A) One exemption for their daughter Siera as a qualifying child but no exemption for Angela.

Explanation:

The six IRS requirements for determining a qualifying child are:

  1. Relationship
  2. Age
  3. Residence
  4. Support
  5. Joint return
  6. Citizenship

The problem with Angela is that she fails number 1, which means that she has no legal relationship with the Dasrups. She would qualify for the remaining 5, but if only one is missing, then the IRS will not qualify Angela.

On the other hand, Siera qualifies because she meets all the requirements.  

3 0
3 years ago
. Suppose that a car dealer has a local monopoly selling Volvos. It pays w to Volvo for each car that it sells, and charges each
kicyunya [14]

Answer:

The dealer will sell 15 Volvos

Explanation:

Consider the following formulas to calculate the Q of which optimize the exercise.

Profit = Q*p

Profit = (30-q)*q

Profit = 30q - q^2

Differentiating with respect to q, we get

30-2q = 0

2q = 30

q=15

The dealer will sell 15 Volvos

6 0
3 years ago
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