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Mandarinka [93]
3 years ago
7

Over the last three years, Christmas tree prices have increased from an average of $35 per tree to over $75 per tree. How would

a Christmas tree farm and the overall industry respond to the price change under the following circumstances
Business
1 answer:
Brilliant_brown [7]3 years ago
5 0

The Christmas tree farm would respond by:

  • In the short run, producers are going to earn profits and also increase their supply of the product.

This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.

As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.

This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.

Read more on brainly.com/question/25083966?referrer=searchResults

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Item9 5 points eBook ReferencesItem 9Item 9 5 points Item Skipped Determine whether each of the following statements is positive
lubasha [3.4K]

Answer:

Positive statement is defined as the statement which are fact based and tells us the reality and these statements can be tested, amended or rejected on behalf of the evidence.

Normative statement is defined as the statements which includes suggestions or opinions that can be tested by observing the evidence. These are the subjective statements.

(a) Positive statement

(b) Normative Statement

(c) Normative Statement

(d)  Positive statement

(e)  Positive statement

(f) Normative statement

5 0
4 years ago
In the early 2000’s, mp3 players replaced cd players as the preferred portable music player. this shift in demand was likely the
tester [92]
This shift in demand was likely the result of the improved technology of MP3 players.
Improved technology brought improved quality of MP3 players, which meant that more people were interested in buying them. MP3 players are far more convenient than CD players, because they are smaller, more easily portable, and overall better.
5 0
4 years ago
In the context of today’s organizations, which of the following statements is true of employees?A. Employees are not easily the
Zielflug [23.3K]

Answer: A. Employees are not easily the replaced parts of a system, but they are the source of a company’s success or failure.

8 0
3 years ago
Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker
Triss [41]

Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

  • a. the quantity demanded for the market will increase to 30,000 workers.
  • b. the quantity demanded for the market will increase to more than 30,000 workers.
  • c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.
  • d. the quantity demanded for the market will increase to less than 30,000 workers.

maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

6 0
3 years ago
Select the correct answer.
PolarNik [594]

Answer:

Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find  

good chefs for her restaurant. Which type of resource is Elena lacking?  

Elena is lacking Labor resource.  

Explanation:  

The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.  

A business usually needs the following type of resources: labor, capital and land.  

As we said previously Labor is the resource related to people.  

Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.  

Capital is the resource related to the money or financial investment needed to cover the initial launching costs.  

7 0
3 years ago
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