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
Nina [5.8K]
3 years ago
5

n autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricultural nation. Now, suppose Birdonia

engages in free trade with the rest of the world. The world price of sugar is $125 per ton.What will happen to the domestic price of sugar in Birdonia
Business
1 answer:
Rainbow [258]3 years ago
6 0

Answer:

the domestic price of sugar will increase to $125.

Explanation:

Since the world price of sugar is higher than the domestic price, domestic producers of sugar will export their products in order to earn a higher profit. That will eventually lead to an increase in the equilibrium price from $100 (former equilibrium price) to a higher price equal to the world price ($125).

You might be interested in
Suppose the market for this product is served by two firms who have formed a cartel and are colluding to set the price and quant
kondaur [170]

Answer:

the answer is B

Explanation:

because there are less things in the number and if this dos not help you I am sorry I am not good at math

3 0
3 years ago
When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect?
VladimirAG [237]
When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect.  A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. T<span>he change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.</span>
4 0
3 years ago
3. Which of the following is NOT a factor of production?
Tju [1.3M]

Answer:

Output.

Explanation:

because it is an effect of production but not a factor.

3 0
2 years ago
Read 2 more answers
Select the correct answer from each drop-down menu,
Alik [6]

Answer:

C) property

A) direct tax

Explanation:

5 0
3 years ago
Companies use mail merge to send out advertisements to possible customers.<br><br> True<br> False
algol13
The         answer          is             true                           ψψψψψψψψψψψψψψψψ    
5 0
3 years ago
Read 2 more answers
Other questions:
  • Which type of financial institution typically has membership requirements? AOnline Commercial Bank BCommercial Bank CFederal Res
    11·2 answers
  • Robert owns an apparel manufacturing company. He is about to attend a trade exhibition at which he plans to develop new business
    8·1 answer
  • True or false?
    8·1 answer
  • Which of the following is a capital resource? a. A computer programmer. b. A corporate bond issued by a computer manufacturer. c
    6·1 answer
  • In​ class, we discussed the differences between a contribution income statement versus the traditional approach​ (absorption whi
    6·1 answer
  • Skidmore Music Company had the following transactions in March: Sold instruments to customers for $16,300; received $11,200 in c
    9·1 answer
  • What assumptions are necessary for a market to be perfectly​ competitive? In light of what you have learned in this​ chapter, wh
    7·2 answers
  • Client 5 I am a 45-year-old agricultural scientist. I have been working for years to come up with a natural egg that is free of
    8·1 answer
  • In the Capacity Allocation problem with two classes, companies have to determine Group of answer choices How many discount custo
    6·1 answer
  • Gloria deposited $500 into a bank account that earned 7. 5% simple interest each year. She earned $225 in interest before closin
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!