Price hike in short run, I have a problem in economics on Price hike in short run. Please

Price hike in short run

I have a problem in economics on Price hike in short run. Please help me in the following question. In short run, the demand curve for the potatoes will not be influenced by price hikes for: (i) Potatoes. (ii) Bread. (iii) Rice. (iv) Steak.

Select the best option from the above.

View Complete Question

Related Questions in Microeconomics

Q : Value of the Marginal Product I have a

I have a problem in economics on Value of the Marginal Product. Please help me in the following question. Value of the marginal product is stated as: (1) MPP × P. (2) MPP × MR. (3) MPP × MC. (4) MPP × MRC.

Q : Distribution of Wealth When line 0C0'

When line 0C0' shows the U.S. income distribution, in that case the distribution of wealth would most likely be possible: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

Q : Devaluation and depreciation of

Distinguish among devaluation and depreciation of domestic currency

Q : Economic profits in the long run In

In this illustrated figure in below the firm probably to have economic profits in the long run would be as: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D.

Q : Problem on buyers and sellers

The supply and demand are affected by the time in sense that the longer the time interval considered, the: (1) Less sensitive sellers and buyers are to price changes. (2) Much sensitive sellers and buyers are to price changes. (3) Bigger is supply and

Q : Taft-Hartley Act and Closed Shops Can

Can someone help me in finding out the right answer from the given options. The Taft Hartley Act of 1946 made it illegal to encompass a: (1) Right-to-work law passed by the state legislature. (2) Conviction for the misdemeanor and serve as union officer. (3) Union for

Q : Define regressive in taxes as

Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.

Q : Labor Unions-jurisdictional strikes

Preceding to the merger of the American Federation of Labor and Congress of Industrial Organizations to the AFL CIO merger in year 1955: (1) The AFL was an alliance of the industrial unions. (2) The CIO was an alliance of the craft unions. (3) Jurisdictional strikes o

Q : Break-even on profit-maximizing strategy

Robomatic Corporation would exactly break-even upon its RoboMaids when, instead of exactly identifying its profit-maximizing strategy, this: (i) operated at point i, charging only $10,000 per unit and producing 16,000 robots. (ii) pri

Q : Most efficient production technique of

Refer to the given data give the answer of following question. In view of the indicated resource prices, the economically most efficient production technique(s) is (are) technique(s): A) #1. B) #2 and #4. C) #3. D) #1 and #3.

Discover Q & A

Leading Solution Library

Avail More Than 1415937 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925396
Asked

3,689

Active Tutors

1415937

Questions
Answered

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

Submit Assignment