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dimulka [17.4K]
3 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]3 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

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Match the items.
Igoryamba

Answer:

D --> 3

B --> 2

A --> 1

C --> 4

Explanation:

1.- The company should pick the most probable outcome when possible to evaluate liabilities, and only recognize revenues and assets with certain.

Between two  favorable figures, it will pick the lowest if it is not certain about the second outcome.

2.-The accounting should disclosure all information useful for third parties to make knowledgeable decisions about a company

3: the accounting should keep the same method over the years, so the assets valuation follow a certain logic. If the accounting change method every year, then the valuation of the assets will differ from period to period. This will make the books of previous year difficult to compare with the current year.

4.- The company needs to show any important data which is significant to the business

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Many critics have argued that a sales or consumption tax should be eliminated because of its regressive nature. what is the basi
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3 years ago
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vova2212 [387]

Answer:

Multiple choices below are missing:

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B) purchase Bond B

C) purchase neither A nor B at this time

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The correct option is A,purchase bond A.

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<u>Answer:</u> Option 1 and Option 5

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To find the False statement , we need to know more about Franchisee .

<h3>What is Franchisee?</h3>

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Thus, we can conclude that the above statement is Typically, the franchisee determines the territory to be served by the franchise is False.

Learn more about Franchisee on:

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