Answer:
d) decease in demand
Explanation:
When the produce of sweet corn crop rises by 20%, this would lead to an increase in supply. With increase in supply, the price of sweet corn shall fall, which would lead to an increase in demand as now consumers will consume more of sweet corn.
Since the relationship between price of a good and demand for it's substitute is positive, the demand for the substitute shall fall.
Thus, demand for frozen peas shall decrease as demand for sweet corn has increased.
Based on the principle of economics, the correct answer goes thus:
Economists distinguish among the immediate market period, the short run, and the long run by noting that:
- Elasticity of supply will increase when the number of producers selling a product decreases.
<h3>Immediate market run</h3>
Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.
In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.
Learn more about elasticity of supply here: brainly.com/question/4467460
Independent Regulatory Boards and Commissions, Government organizations that direct different businesses, businesses or financial segments. They are shaped and concurred by power by Congress to control a particular industry, and there are 38 of these offices some of which includes the FCC and the FAA
Answer:
2 tickets
Explanation:
the cost of membership is $25.
Cost of a ticket is $25
All cost get a 40 % dicsount
membersships earns a further 10% discount
total discount ofr membership eqauls 50%( 40+10)
There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket
To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}
Answer:
The correct option here is A) marginal cost exceeds marginal revenue
Explanation:
When a company is producing more goods and services, it becomes a bad move because at this point company's marginal cost starts exceeding the marginal revenue , which means with each additional units a company is producing it is losing profit on that unit, so it is better for a company to produce less and try to find that level of output where its marginal cost and revenue are equal because at that level, company would be able to make optimal profits.
