Case of fuel efficient machinery in market adjustment

If the soybean market begins in equilibrium on S₀D₀, and in that case farm machinery becomes more fuel efficient, the market changes to: (1) S0D₁. (2) S₁D₂. (3) S₁D₀. (4) S₂D₁. (5) S₀D₂.

637_soybean market in equilibrium.png

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Public Economics

Q : Ownership of major non-labor resources

I have a problem in economics on Ownership of major non-labor resources. Please help me in the following question. Government ownership of main non-labor resources is the characteristic of: (1) Capitalism. (2) Decentralization. (3) Anarchism. (4) Soci

Q : Socialism-ownership of non-human

Can someone please help me in finding out the right answer from the following question. A faith that most of the nonhuman resources must be owned, not by the private individuals, however instead ‘by everyone’ in common, with the govt. as t

Q : Limitation of resource category of

I need a good answer on the topic of Economic problems. Please give me your suggestion that the economists’ resource category of “land” would not contain: (1) coal, petroleum, and other minerals. (2) the fish and water within the oce

Q : Illustrate an economics problem of

Assume that Michael Jordan purchases the New Jersey Nets basketball franchise and, expecting an explosion of sales at his car dealerships, he instructs two hundred new extra Toyotas. By an economic perspective, his buy of the Nets franchise is: (w) smart marketing str

Q : Influence of decisions on consumers

Consumer’s preferences tend to be most proficiently met whenever decisions are made: (1) Individually. (2) Through democratic voting. (3) In command economy. (4) To share out income according to requirement. What is the right

Q : When a free good enjoyed by people is

A free good is something which people enjoy but that is not scarce since: (w) people can costlessly have all they want. (x) people can purchase this along with credit without containing to immediately pay for htis. (y) luxuries

Q : Problem related to Income distribution

The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

Q : Human rights trump property rights I

I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights

Q : Eccentricities of Jeremy Bentham The

The eccentricities of Jeremy Bentham (from 1748 to 1832) did not comprise: (i) allowing a pet pig to freely roam his mansion. (ii) petitioning the London Council for permission to replace shrubbery beside his driveway along with mummi

Q : Ratios of proportional changes in

he ratios of proportional changes within related variables are expressed numerically termed as: (1) interdependency coordinates. (2) best linear unbiased estimators (BLUE). (3) elasticity coefficients. (4) relative betas. (5) beta feedback estimates.

Discover Q & A

Leading Solution Library

Avail More Than 1438833 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1944840
Asked

3,689

Active Tutors

1438833

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment