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Why couldn't farmers increase their incomes by planting more crops?
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∙ 11y ago
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What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
When consumers get more money they tend to substitute normal goods for what kind of goods?
Superior goods are those which experience increased consumption as incomes increase.
Why do farmers suffer from low incomes?
simple. for example a dairy farmer produces a litre of milk costing 29.9 pence and the supermarkets pay between 22.1 to 27.9 pence. instant loses.
Why couldn't increase farmer's their incomes by planting more crops.?
As farms produced more crops, prices declined..
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
Most economists believe that a sales tax increase affects which group the MOST?
it is either salaried workers,pensioned workers,people with low incomes,or people with the highest range incomes.
What group experienced falling incomes a credit crisis and a poor standard of living in the years before the Great Depression began?
farmers
What contributed to the realization of the American dream in 1950s?
The increase in income available for consumerism The growth of household incomes
What contributed to the realization of the American Dream in the 1950s?
. The increase in income available for consumerism The growth of household incomes
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
Why do some people have trouble saving money even as their incomes continue to increase?
their wants grow with their income
Who is the president of the Philippines and what is his contribution?
Benigno Simeon Cojuangco Aquino III is the president of the Philippines. He has made contributions to Philippine self-sufficiency, education, and the incomes of farmers and fishermen.
Farmers often find that larger bumper crops ae associated with declines in the gross incomes this suggests that?
the price elasticity of demand for farm products is less than 1
