Demand and supply, An increase in consumer desire for strawberries is most likely to: A)

Demand and supply

An increase in consumer desire for strawberries is most likely to: A) increase the number of strawberry pickers needed by farmers. B) reduce the supply of strawberries. C) reduce the number of people willing to pick strawberries. D) reduce the need for strawberry pickers.

View Complete Question

Related Questions in Microeconomics

Q : Why production possibilities curve

What is the reason that production possibilities curve concave? Elucidate.

Q : Decrement in opportunity costs and

Opportunity costs and prices tend to be decreased by: (w) competition among speculators and other intermediaries. (x) price floors. (y) the exercise of monopoly power. (z) price ceilings. How can I

Q : Problem on Equilibrium price What

What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilib

Q : National Income in Equality Standard As

As per the equality standard of income distribution: (w) people should be paid according to their needs for income. (x) income should be distributed to resource owners. (y) justice requires national income to be divided equally. (z) people should be p

Q : Define investment demand function

Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter

Q : Demand of Income elasticity for various

Liz admitted a pay cut in May and consequently start cooking at home more and dining out less frequently. Her adjustments provide illustrations of the: (i) Substitution effect. (ii) Income elasticity of the demands for various goods. (iii) Law of diminishing marginal

Q : Marginal revenue product of labor The

The monopsonist will hire labor till the labor's marginal resource cost equivalents the: (1) Marginal revenue product of the labor. (2) Marginal physical product. (3) Value of average product of the labor. (4) Price of the labor. C

Q : Perfectly competitive monopolized

When a perfectly competitive industry is monopolized along with no effect on costs in that case the result will be: (w) higher prices and greater output. (x) lower prices and greater output. (y) higher prices and lower output. (z) lower prices and low

Q : Example of Speculation Throughout

Throughout periods while the activities of speculators raise the volatility and average level of prices, classical speculators are most probable to: (1) gain profits by buying high and selling low. (2) reduces the risks to other firms of doing busines

Q : Average retail price and the consumer

Table illustrates the average retail price of milk and the Consumer Price Index from the year 1980 to 1998.

Discover Q & A

Leading Solution Library

Avail More Than 1456560 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943411
Asked

3,689

Active Tutors

1456560

Questions
Answered

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

Submit Assignment