Question : 51) Tom Searchinger, a senior attorney at the Environmental Defense : 1387365

 

51) Tom Searchinger, a senior attorney at the Environmental Defense Fund, observed that generous farm subsidies have encouraged farmers to produce more corn and more wheat. How does this affect the market for fertilizer?

A) The supply of fertilizer increases.

B) The supply of fertilizer decreases

C) The demand for fertilizer increases.

D) The demand for fertilizer decreases.

 

 

52) In June, buyers of titanium expect that the price of titanium will fall in July. What happens in the titanium market in June, holding everything else constant?

A) The demand curve shifts to the right.

B) The quantity demanded increases.

C) The quantity demanded decreases

D) The demand curve shifts to the left.

 

 

53) In January, buyers of gold expect that the price of gold will rise in February. What happens in the gold market in January, holding all else constant?

A) The supply curve shifts to the right.

B) The demand curve shifts to the left.

C) The demand curve shifts to the right.

D) The quantity demanded increases.

 

54) If tablet computers are considered substitutes for e-readers, the decline in the price of tablet computers would, all else equal,

A) increase the demand for e-readers.

B) decrease the demand for e-readers.

C) increase the quantity demanded for e-readers.

D) decrease the quantity demanded for e-readers.

 

 

55) Which of the following has occurred as the baby-boom generation ages?

A) The demand for soft drinks has increased in the U.S. market.

B) The demand for soft drinks has decreased in the U.S. market.

C) The global demand for soft drinks has decreased.

D) The global demand for soft drinks has remained relatively low.

 

 

56) In the United States, consumption per-person of carbonated soft drinks ________ between 2005 and 2013.

A) declined by more than 15 percent

B) increased by approximately 22 percent

C) fell by almost 80 percent

D) remained virtually unchanged

 

57) When deciding on which new products to develop, a firm must devote people, time, and money to designing a new product. Because any firm has only limited resources, it

A) should wait until its competitors develop a similar product before deciding on devoting resources to its own product development.

B) is not able to develop more than one new product at a time.

C) must be certain that the product it chooses to develop will be successful or it will not be able to stay in business.

D) faces a trade-off because resources used to develop one product will not be available to develop another product.

 

 

58) A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve.

A) decrease in demand; increase in demand

B) decrease in demand; increase in quantity demanded

C) increase in demand; decrease in quantity demanded

D) decrease in quantity demanded; decrease in demand

 

 

59) If, in response to a decrease in the price of grapes, the quantity of grapes demanded increases, economists would describe this as

A) an increase in demand.

B) an increase in quantity demanded.

C) a change in consumer income.

D) an increase in consumers’ taste for coffee.

 

60) The law of demand implies, holding everything else constant, that as the price of gelato

A) increases, the demand for gelato will increase.

B) increases, the quantity of gelato demanded will increase.

C) decreases, the quantity of gelato demanded will increase.

D) decreases, the demand for gelato will increase.

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more