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What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?
"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"
What is one effect of a price ceiling?
A shortage of supply
What is one effect of price ceiling?
shortage of supply
An increase in supply will have what effect on equilibrium price and quantity?
Increase in supply in the face of steady demand will result in lower price.
What is the price effect according to the law of supply?
The law of supply says; The supply will be increase due to increase in price and vice versa. The reason is that the seller will maximize his profit.
Who governs the price of beef and cattle?
supply and demand
What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?
"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"
What is one effect of a price ceiling?
A shortage of supply
What is one effect of a price floor?
A surplus of supply
What is one effect of price ceiling?
shortage of supply
What is one effect of price flooring?
A surplus of supply
An increase in supply will have what effect on equilibrium price and quantity?
Increase in supply in the face of steady demand will result in lower price.
What is the price effect according to the law of supply?
The law of supply says; The supply will be increase due to increase in price and vice versa. The reason is that the seller will maximize his profit.
When demand increases and supply is perfectly elastic what will be the effect?
there will be no change in price because as demand will increase supply will also increase.
What impact will short supply of material have on budget preparation?
A short supply will usually have the effect of increasing price. This is due to basic laws of supply and demand. If the price of raw materials increases, then the forecasted profit will be in jeopardy.
Why did Texas ranchers send their longhorn on cattle drive?
Texas Ranchers sent their longhorns on cattle drives because the demand of the cattle in Texas was low. But high in the north and east. Demand and supply affect the price of nearly everything that was bought and sold - not just the cattle.
What was the price of cattle in Texas in the 1850s?
In the 1850s, the price of cattle in Texas varied significantly depending on the region and market conditions, but on average, prices ranged from $5 to $10 per head. Factors such as supply and demand, the quality of the cattle, and the proximity to railroads or markets influenced these prices. Additionally, the expansion of cattle drives and the growing demand for beef in the Eastern United States contributed to fluctuations in cattle prices during this period.
