Suppose that the price of flour used to produce bagels, Ask an Expert

Economics

Suppose that the price of flour used to produce bagels increases. Hence the equilibrium price of a bagel ________ and the equilibrium quantity ________.

a. falls; decreases

b. does not change; does not change

c. rises; decreases

d. rises; increases

e. falls; increases

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M963705

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question in an attempt to help the farm sector congress has

Question: In an attempt to help the farm sector, Congress has several times passed legislation initiating and then extending the requirement that ethanol be blended with gasoline sold at the pump in many states. Because ...

Question break into teams and identify four reasons that an

Question: Break into teams and identify four reasons that an international airline such as Southwest or Delta would invest in a project when its direct analysis using both payback period and net present value indicate it ...

Question give two real life examples of how economics can

Question: Give two real life examples of how economics can be used to improve decision-making with original examples not found in the textbook. Explain how following the three step approach can be used 1. Who is making b ...

Question table shows how the average costs of production

Question: Table shows how the average costs of production for semiconductors (the "chips" in computer memories) change as the quantity of semiconductors built at that factory increases. a. Based on these data, sketch a c ...

Question explain how labour productivity is determined in

Question: Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels. To illustrate your understanding provide an example. Y ...

Question suppose a plague causes a one-time reduction in an

Question: Suppose a plague causes a one-time reduction in an economy's labor force; immediately afterward the economy returns to its pre-plague labor-force growth rate. Suppose further that the economy was on its balance ...

Question according to some reports more than 40 percent of

Question: According to some reports, more than 40 percent of the American servicemen sent to Vietnam experimented with heroin. Of these, 57 percent became addicts in Vietnam. Upon their return, however, only 10 percent r ...

Question a deck has four cards the ace and deuce of hearts

Question: A deck has four cards: the ace and deuce of hearts, and the ace and deuce of spades. After a fair shuffle of the deck, two cards are dealt to Alice. 1.Alice then tells Bob "I have an ace". 2. She then says "I h ...

Question a website offers a place for people to buy and

Question: A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent ex ...

Question the national park service charges visitors to a

Question: The National Park Service charges visitors to a certain monument a $5 per car admission fee and an additional fee of $5 per camera. Is this necessarily price discrimination or might it be based on costs? If it ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert