Multiple Choice
Suppose domestic beef producers face demand of QD = 1000 - 5P.In the very short run 500 head of beef are produced.Suppose mad cow strikes a portion of the national herd and the amount brought to market falls to 400.The price per head will rise by
A) 10
B) 20
C) 30
D) 50
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: In the opening of free trade,if world
Q10: If the market for bottled spring water
Q26: Suppose demand for a good is Q<sub>D</sub>
Q27: Suppose domestic beef producers face demand of
Q28: Suppose there are 100 firms each with
Q30: The infant industry case for tariff protection
Q34: Suppose there are 100 firms each with
Q35: Suppose there are 100 firms each with
Q41: If the market for hula-hoops is characterized
Q45: Positive economic profits exist for a firm