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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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If psychologists find that rich people are less satisfied with their jobs compared to poor people, this would mean that wealth a
dybincka [34]

Answer:

negatively correlated

Explanation:

Variables are negatively correlated if an increase in one variable causes a decrease in the other variable. Negative correlation usually has a value of -1.

The psychologists found that rich people are less satisfied with their jobs compared to poor people, so as one's wealth increases, job satisfaction decreases. This shows that wealth and job sanctification are negatively correlated.

Variables are positively correlated if an increase in one variable causes a increase in the other variable. Negative correlation usually has a value of +1.

If wealth and job satisfaction were positively correlated, rich people would have more job satisfaction when compared to poor people

8 0
3 years ago
An investment had a nominal return of 9.7 percent last year. The inflation rate was 2.7 percent. What was the real return on the
lana [24]

Answer:

6.816%

Explanation:

The real rate of return is nominal rate of return less inflation rate

(1 + nominal rate ) = (1 + real rate ) x (1 + inflation rate)

= 1.097 = real rate x 1.027 = 1.06816 - 1 = 0.06816 = 6.816%

I hope my answer helps you

4 0
3 years ago
According to empirical studies, greater consumption is likely to lead to unhappiness. This condition is called _____.
Zarrin [17]

Answer:

Affluenza.

Explanation:

It is a term that described to be psychological and socio-metaphorical illness seen amongst children or also in teens who grow up in a privileged lifestyle, largely isolated emotionally and developmentally from their working parents etc. In most cases according to research, it is seen to make such children feel more isolated than their friends, while at the same time feeling an increase in pressure to perform.

The effect of this affluenza is also seen to make such people to have a feeling of giving themselves excessive pressure to achieving things, these includes in both academic and extracurricular activities.

5 0
4 years ago
Why do people tend to eat more at all-you-can-eat buffet restaurants than at restaurants where each item is purchased separately
harkovskaia [24]
A. is the answer.............
3 0
3 years ago
Which of the following borrowing options would cost her the least? Credit card. Personal loan at bank. Student loan. Payday loan
nika2105 [10]

Answer:

Explanation:

The student loan is set up to have a very low interest rate. They are mostly in the 2 to 3 % range if you qualify. The worst is a payday loan. Those have double digit rates associated with them.

5 0
2 years ago
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