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
pishuonlain [190]
2 years ago
13

Suppose that in the rice market demand shifts due to a new rice diet that is being marketed in the U.S. as a cure for cancer. Si

multaneously the supply curve shifts due to a flood that affects the rice crop in California. What is the most likely outcome in this situation
Business
1 answer:
Soloha48 [4]2 years ago
8 0

Answer:

The equilibrium price will increase

Explanation:

Equilibrium price is defined as the price at which the quantity demanded and quantity supplied are equal.

At this point there is no excess demand or supply, they are both equal.

I'm the given scenario the new rice diet that is being marketed in the U.S. as a cure for cancer will lead to increase in demand for rice.

While a flood that affects the rice crop in California will reduce the ability of suppliers to supply. Leading to reduced quantities supplied to the market.

This results in increased prices for the now scarce rice in the economy

It is illustrated in the attached diagram where price increases from P1 to P2.

The new equilibrium quantity is Q1

You might be interested in
When you feel cold, you engage in behavior to reduce this unpleasant feeling, for example, by putting on your coat. This desire
insens350 [35]

This desire to reduce internal tension is a crucial aspect of the drive-reduction theory.

<h3 /><h3>What is drive-reduction theory?</h3>

It corresponds to a psychological theory developed by Clark Hull, who believed that individuals are motivated to meet their basic needs, which are psychological and physiological needs.

Therefore, a behavior to reduce the unpleasant sensation of cold would be a physiological motivation proposed by the drive-reduction theory.

Find out more about drive-reduction theory here:

brainly.com/question/12933887

#SPJ1

4 0
2 years ago
Am 16 years old and I love little kids. I like to organize special events—like birthday parties for children. I have decided tha
inessss [21]

The type of business organization recommended in this case is the sole proprietorship, which is a business managed by a single person, with greater facilities to start up.

<h3 /><h3>Sole Proprietorship characteristics</h3>

It is owned and managed by only one person, with no legal distinction between the company and the owner, that is, it is an unincorporated company, whose owner is responsible for paying personal income taxes on the company's profits.

Therefore, the advantages of a sole proprietorship are the reduction of bureaucracy and interest rates, giving the owner greater possibility of creating and maintaining the business.

Find out more about Sole Proprietorship here:

brainly.com/question/4442710

6 0
2 years ago
A __________ inventory system is a small, wheeled container used in a just-in-time inventory system to move component parts from
STatiana [176]

Answer:

Kanban inventory system

Explanation:

Kanban inventory system -

It refers to as the system , which make sure than the company's stores only the required components in the production or distribution process , is referred to as kanban inventory system .

The Kanban system enables to give indication for reordering or rearrange the stock  .

Hence , from the given information of the question ,

The correct answer is Kanban inventory system .

7 0
3 years ago
What type of conflict management style does Doug have?
stiv31 [10]

Answer:

competing

Explanation:

because his cooperativeness is low and his assertiveness is high.

8 0
3 years ago
Primary market explain how the treasury uses the primary market to obtain adequate funding
Contact [7]
<span>Each week, the Treasury holds an auction to issue T-Bills. When the auction opens, investors are able to place bids on the bills. The Treasury is then able to select the highest bids in order to obtain adequate funding.</span>
6 0
3 years ago
Other questions:
  • The pink peonies law firm prepays for advertising in the local newspaper. on january​ 1, the law firm paid $ 6 comma 000 for twe
    8·1 answer
  • Why do you think government services are necessary ?
    11·1 answer
  • Bell Computers purchases integrated chips at ​$350 per chip. The holding cost is ​$35 per unit per​ year, the ordering cos
    5·1 answer
  • The accounting measure of a firm's equity value generated by applying accounting principles to asset and liability acquisitions
    11·1 answer
  • Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the valu
    6·1 answer
  • Bakit mahirap na matamo ang kaganapang pantao​
    10·1 answer
  • Suppose that an investor with a 5-year investment horizon is considering purchasing a 7-year 9% coupon bond selling at par. The
    6·1 answer
  • Cool People publications focuses their marketing efforts on reaching African-American teenage girls. The firm believes that they
    14·1 answer
  • Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current
    7·1 answer
  • True or false: japan generally runs a significant trade surplus because of the structural barriers against imports into japan
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!