Demand for corn

Assignment Help Microeconomics
Reference no: EM131040287

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a

A) price floor.

B) price control.

C) sticky price.

D) macroeconomic price.

Reference no: EM131040287

Questions Cloud

Issues in contracting and purchasing negotiation techniques : Outline a plan that includes three (3) types of negotiation approaches covered in Chapters 1-17 for handling the negotiation that will either create a deadlock, an impasse, or a stalemate.
What principles related to agency management may be relevant : What issues in this letter relate to the relationship of agency administration, agency staff, and the board of directors of a private not-for-profit or for-profit agency?
Law enforcement agencies around the world work : Access www.ftc.gov/sentinel to learn how law enforcement agencies around the world work together to fi ght consumer fraud. Each team should obtain current statistics on one of the top fi ve consumer complaint categories and prepare a report.
Demand for massage therapists : The demand for massage therapists declined in the spring of 2007, but the starting wages paid to massage therapists was still the same at the end of 2007. This is an example of a
Demand for corn : The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a
Closing case target provides a surprise : The Problem When you shop, you provide details about your buying habits and about yourself to retailers. The retailers analyze those details to determine what you like, what you need, and how to provide you with incentives so you will buy more of ..
Maintain equality between quantity supplied : Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are
Reject the null hypothesis : Given a specified level of significance the absolute value of the critical value will be smaller for a one-tailed test than for a two-tailed test.Suppose that the weight of cereal in a box is normally distributed around a mean of 20, measured in o..
Largest commercial aircraft manufacturers : Supply chain information that was previously generated manually is increasingly being generated by sensors, RFID tags, meters, GPS, and other devices and systems. How does this reality affect supply chain managers? For one thing, it means they wil..

Reviews

Write a Review

Microeconomics Questions & Answers

  Differences between legitimate and reward

Explain how they are similar and how they are different and describe your experience with these types of power.

  See non-constant variance in the data

Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response.describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could b..

  Global competition fosters or impedes price discrimination

As markets for some products and services experience greater global competition, what is the likely consequence for the incidence of price discrimination? Do you think global competition fosters or impedes price discrimination?

  Suppose the marginal product of labor

Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use

  Production possibilities for the firm

The following is the production possibilities for a firm. At 0 labor units (strangely enough), there are 0 units produced. At 1 labor unit, there are 10,000 units produced, at 2 labor units, there are 25,000 units produced, at 3 there are 45,000, ..

  Sell bike theft insurance

Sell bike theft insurance. If bicycle owners do not know whether they are high or low risk consumers, is there an adverse selection problem

  Demonstrate that in the multiproduct-firm case

Demonstrate that in the multiproduct-firm case, equating the Lerner indexes for all products is equivalent to setting the prices proportional to their marginal costs. Explain why the Allais rule is inefficient.

  Effect on equilibrium of a good or service

Effect on Equilibrium of a Good or Service and Effect on Economic Indicators - The one event that you'll pick must affect the equilibrium of a good or service within Canada in some way.

  Describe the meaning of average cost

Describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that the same crate of wine now costs $82.

  Does this relate to the notion of a prisoner dilemma

Assume also that if one firm were to cut their price, then the industry profit would fall to $80 million and the firm that cut the price would take 75% of the market. Finally, if both firms cut there price the industry profit would fall to $50 mil..

  A shock to the firms intrinsic value share price will

a shock to a firms intrinsic value the share price will slowly but surely approach that new intrinsic value. is this

  Microeconomic or macroeconomic forces affects

Managerial decisions are affected primarily by microeconomic forces. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd