--%>

long-run

In the long-run, an increase in consumer desire for strawberries is most likely to:

   Related Questions in Microeconomics

  • Q : Problem on unionized construction

    The passage of a significantly higher legal minimum wage would be most probable to advantage: (1) College professors. (2) American high-school dropouts in their teens. (3) Philosophy majors. (4) Unionized construction workers. (5) Foreign workers whose production is e

  • Q : Earn income and transfer benefits When

    When a family can earn income and transfer profits of $11,500 by working full time at the minimum wage, and also $12,500 in transfer benefits without working, the family’s net gain through working is: (1) zero. (2) $12,500. (3)

  • Q : When is not total annual revenue

    As per this demonstrated figure in below, unless something changes the total annual revenue of Robot Butlers, Inc. Can’t exceed: (1) $10,000. (2) $20,000. (3) $100 million. (4) $200 million. (5) $400 million.

  • Q : Tax problem Give the answer of

    Give the answer of following question. A progressive tax is such that: A) tax rates are higher the greater one's income. B) the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. C) entrepreneurial income is exempt

  • Q : Infinite price elasticity of supply The

    The price elasticity of supply in given grph is infinite therefore supply is perfectly price elastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Normative goals of microeconomics

    Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion

  • Q : Generic calculations in elasticity

    While the temperature drops by 102o F to 54o F, just diehard surfers buy surf boards and sales plummet by 56,000 down to 14,000 monthly. For surf boards the temperature elasticity of the demand is: (w) 0.975. (x) 1.95. (y) 3.90. (z) -1.95. <

  • Q : Labor Contracts-Check-off Provisions

    Can someone help me in finding out the right answer from the given options. The check-off provision stated as: (1) Was outlawed by Taft Hartley Act. (2) Is illegal in the union shops. (3) Simplifies the union dues collection. (4) Differentiates union shops from the ag

  • Q : Monopsonistic Exploitation Can someone

    Can someone help me in finding out the right answer from the given options. The employer with monopsony power exploits the labor if it pays a wage: (i) At a bare subsistence level. (ii) That stabilizes worker population. (iii) Less

  • Q : Lower market price to cover average

    When the market price is lower to cover average total costs, in that case a profit-maximizing firm will: (i) shut down instantly. (ii) continue to operate where P = MC when P > AVC. (iii) adopt newer technology. (i