1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
4 years ago
9

During the 1990s positive technological change in the production of chicken caused the price of chicken to fall. Holding everyth

ing else constant, how would this affect the market for pork (a substitute for chicken)?
The demand for pork would decrease and the equilibrium price of pork would increase.

The supply of pork would increase and the equilibrium price of pork would decrease.

The demand for pork would increase because consumers could afford to buy more chicken and pork.

The demand for pork would decrease and the equilibrium price of pork would decrease.
Business
1 answer:
Marta_Voda [28]4 years ago
5 0

Answer:

The demand for pork would decrease and the equilibrium price of pork would decrease.

Explanation:

Substitute goods are goods that can be consumed in place of each other.

If the price of chicken falls, consumers would increase the quantity demanded of chicken and reduce their demand for pork. The fall in the demand for pork would lead to a leftward shift in the demand curve for pork. A leftward shift in the demand curve while the supply curve remains unchanged would lead to a fall in equilibrium price of pork.

I hope my answer helps you

You might be interested in
The insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accide
gregori [183]

Answer:

$100,000

Explanation:

A triple indemnity clause attached to a life insurance policy should pay in case of accidental death three times the amount of the policy. But in order for this clause to be effective, the insured must not have any responsibility in the accident.

In this case, since the accident was caused by the insured, the triple indemnity clause doesn't apply, so the regular amount ($100,000) has to be paid to the beneficiary.

5 0
3 years ago
Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin
Citrus2011 [14]

Answer: Greater the MPC

Explanation:

The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.

The formula for MPC is;

= Change in Consumption/Change in Income.

Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.

As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.

If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.

5 0
3 years ago
Describe major laws that are responsible for consumer protection, and the entities that have responsibility for oversight.
Sholpan [36]

Answer:

Major consumer-protecting laws are:

Explanation:

1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.

2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.

3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.

4 0
3 years ago
A manufacturer of toilet tissue sent its brand mascot to help refurbish restrooms at fairgrounds across the country. As part of
natka813 [3]

Answer:

The correct answer is letter "C": publicity.

Explanation:

Publicity is the information spread by a company, entity, or public or private organization to create a favorable atmosphere about itself. This information is transmitted through different communication mediums. Publicity is a resource that allows companies to gain a free space in communication mediums persuading consumers with news about their products or services.

3 0
4 years ago
Midland Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 20 years. Use Appendix B and
Aleksandr [31]

Answer:

B

Explanation:

6 0
3 years ago
Other questions:
  • Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i
    6·1 answer
  • Kyra works for a costume jewelry manufacturer and while their products are lower in cost, there is a high degree of consumer pre
    14·1 answer
  • Coronado Industries, which has a taxable payroll of $1350000, is subject to FUTA tax of 6.2% that includes a state contribution
    12·1 answer
  • Short-term obligations can be reported as long-term liabilities if: a. The firm has the ability to refinance on a long-term basi
    9·2 answers
  • __________ is a part of the HR planning process that refers to identifying and examining the organization’s external environment
    5·1 answer
  • Saul and Pepper have been friends since kindergarten. Both Saul and Pepper have good part-time jobs. Pepper deposits a portion o
    13·1 answer
  • Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? Select all
    8·1 answer
  • If advertising makes consumers more loyal to particular brands, it could ________ the elasticity of demand and ________ the mark
    11·1 answer
  • Merchandise inventory includes:__________
    11·1 answer
  • gdp is composed of four main categories. which of those categories are the primary target of fiscal policy?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!