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
timurjin [86]
3 years ago
12

In recent years the cost of producing organic produce in the United States has decreased largely due technological advancement.

At the same time, more and more Americans prefer organic produce over conventional produce. Which of the following best explains the effect of these events in the organic produce market?
A) Both the supply and demand curve have shifted to the right. As a result there has been an increasein both the equilibrium price and the equilibrium quantity B)The supply has shifted to the left and the demand curve has shifted to the right. As a result, there has been an increase in the equilibrium quantity and an uncertain effect on equilibrium price C) The supply curve has shifted to the left and the demand curve has shifted to the right. As a result there has been an increase in the equilibrium price and anuncertain effect on equilibrium qunatity D) Both the supply and demand curves have shifted to the right. As a result there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price
Business
1 answer:
Harrizon [31]3 years ago
7 0

Answer:

The correct answer is option D.

Explanation:

Suppose technological advancement has helped in decreasing the cost of producing organic produce. This means that the farmers can now produce more at the same cost. As a result, the supply of organic produce will increase. This will cause a rightward shift in the supply curve.  

At the same time, the demand for organic produce has increased. This will lead to a rightward shift in the demand curve.  

The rightward shift in both demand and supply curve will lead to an increase in the equilibrium quantity. The change in the price level depends on the extent of the change in demand and supply.

You might be interested in
The process of asset transformation refers to the conversion of:_______
kondaur [170]

Answer: c. Risky assets into safer assets

Explanation:

The process of asset transformation refers to the conversion of risky assets into safer assets. Asset transformationa is simply a form of transformation in which financial institutions like banks use deposits in the generation of revenue through the pooling deposits in order to make loans. It has to do with transforming bank liabilities into bank assets.

6 0
3 years ago
You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills
postnew [5]

Answer: increase

Explanation:

You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills with more IBM stock , the expected portfolio return will increase, ceteris paribus

The expected return for a particular investment are the returns which a an investor expects when he or she invests in a particular investment. In the above scenario, there'll be an increase in the expected portfolio return.

7 0
3 years ago
An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount an
adell [148]

Answer: C

Explanation:

This is because although the coupon rate is devoid of federal income tax any market discount is taxed as interest income earned. So so if there is a way that they can be taxed without jeopardizing their basic Federal income tax-free status, why not? The discount can be accreted annually and tax paid, or the tax can be paid at maturity or sale date.

5 0
3 years ago
Read 2 more answers
Chang, Inc.'s balance sheet shows a​ stockholders' equity-book value​ (total common​ equity) of ​$750 comma 500. The​ firm's ear
Artist 52 [7]

Answer:

The​ price/book ratio is 2.45

This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity

Explanation:

For computing the price/book ratio, we have to apply the formula which is shown below:

= Market price of equity ÷ book value of equity

where,  

the market value of equity = firm's earnings per share × price/earnings ratio × number of outstanding common stock shares

= $3.00 × 12.25 × 50,000 shares

= $1,837,500

And, the book value of equity is $750,500

Now put these values to the above formula

So, the answer would be equal to

= $1,837,500 ÷ $750,500

= 2.45

This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity

4 0
3 years ago
Thomas Joslin was judged at fault in an automobile accident. Three others were awarded damages of $156,000, $75,000, and $69,000
Mrrafil [7]
$69.000 because it’s an less amount
6 0
3 years ago
Other questions:
  • Which of the following is NOT a supertrend affecting the future of business? Multiple Choice Offshore suppliers are changing the
    7·1 answer
  • A market system is characterized by the private ownership of resources and the use of prices to coordinate economic activity tru
    5·1 answer
  • Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. what is its effective annual
    11·1 answer
  • A plant asset was purchased on January 1 for $80,000 with an estimated salvage value of $20,000 at the end of its useful life. T
    8·1 answer
  • Thanks to his firm's decentralization and use of responsibility accounting, Matt has more time to review a proposed new joint ve
    11·2 answers
  • Sam has contracted with dave to purchase dave's racing bike, with payment and delivery of the bicycle to be in 10 days. three da
    9·1 answer
  • Which one of the following is a primary market transaction? Group of answer choices Sale of currently outstanding stock by a dea
    13·2 answers
  • In Country A, the price of wheat has increased greatly over the past year. Because of this change, farmers in Country A are plan
    9·2 answers
  • Sunglasses Unlimited Company manufactures sunglasses. Following is a list of costs the company incurred during May (Click the ic
    5·1 answer
  • If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!