Problem on Dynamics, When drought causes ranchers to in advance take cattle to the

Problem on Dynamics

When drought causes ranchers to in advance take cattle to the market, one short-run tendency will be for: (1) The demand for beef to rise. (2) Restaurants to experience shortages of the steak. (3) Prices for pork and lamb to decline. (4) Corn and wheat to become less cheap. (5) Ranch land to become extra valuable.

Choose the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Definition of Collective Bargaining The

The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining.

Q : Rang of income elasticities of demand

The income elasticities of demand (μ) for items which most people consider as luxuries would possibly be into the range: (1) – ∞ < μ < one. (2) – 1 < μ < zero. (3) μ = zero. (4) 0 < μ < 1. (5) 1 <

Q : Managerial Economics-Error of omission

Can someone please help me in finding out the precise answer from the following question. The ‘error of omission’ takes place when: (1) Managers pursue policies which outcome in layoffs. (2) Corporations vend more stock than is really available. (3) Manage

Q : Precise Equality of Income Distribution

Precise equality of income distribution is demonstrated by: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

Q : Influences on union nonunion wage

Significant influences on union non-union wage differentials comprise the: (1) Proportion of an industry which is unionized and the frequency of strikes. (2) Frequency of strikes, inflation and the collective bargaining policies. (3) Collective bargai

Q : Surviving for maximum profits in

Supposing that the competitive firms should seek the maximum profits to survive signifies that: (1) Firm do not make trial-and-error decisions. (2) Each and every firm always seeks the maximum gain and nothing else. (3) Competition is very profitable.

Q : Estimating N.I. by product by value

Describe the steps taken in estimating N.I. by product/ value added technique? Answer: A) Classify all production units: Locate

Q : Disadvantages of mixed economy system

Tell me what are the disadvantages of mixed economy system?

Q : Monopsony and Marginal Resource Cost

The labor monopsonist which doesn’t wage discriminates consists of a marginal resource cost curve [or marginal factor cost curve] which is above the labor supply curve then the firm faces as: (1) Monopsonists encompass market power in the markets for output. (2)

Q : Describe proportional in taxes as

Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.

Discover Q & A

Leading Solution Library

Avail More Than 1445206 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1934086
Asked

3,689

Active Tutors

1445206

Questions
Answered

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

Submit Assignment