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kobusy [5.1K]
3 years ago
11

The government sets the price of subsidized corn too low. Which of the following statements describes the result?

Business
2 answers:
GREYUIT [131]3 years ago
5 0

Answer:

At that price, quantity demanded exceeds quantity supplied.

Explanation:

The subsidy is a government financial aid for a particular sector to produce a type of good, such as corn. This is applied when the value of the product is low enough to make production unfeasible. Because corn is an important product for the food industry and animal feed, the government gives producers a subsidy, which will be above market value. However, if the subsidy is low enough to not stimulate corn production, demand for the product will exceed supply. The solution to this is to raise the price of corn or to increase subsidies so that farmers have a stimulus to produce a quantity that meets demand.

malfutka [58]3 years ago
4 0
Because the price of the corn is very low many people will decide to go for it. Thus, the result will be that the quantity demanded for will exceed the quantity supplied.
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3 years ago
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Answer:

False

Explanation:

The statement is false: because

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This will lead to fall of customers or patients at a change of fees, to another doctor.

Thus the price elasticity of demand is infinite, as all customers might be loosed.

Therefore, the statement is false.

8 0
3 years ago
How can a focus on ad copy affect paid search results and what are its implications related to the buyer journey
Dmitry_Shevchenko [17]

The way a<em> focus on ad copy</em> can affect paid search results and its <em>implications </em>related to the buyer journey is:

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7 0
2 years ago
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Answer:

c. $58,905.

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optimistic scenario revenue = optimistic unit sold × optimistic price

where,

optimistic unit sold = 3500 × 110%

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= 15.3  

So, the Optimistic revenue is

= 3850 × 15.3

= $58,905  

Hence, the option c is correct

4 0
3 years ago
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WITCHER [35]

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