Farmers in Florida use honey bees to pollinate their orange trees. If the price of an orange decreases, then the market supply curve for honey will ___ A. Increase B. Decraese C. Stay the Same
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Farmers in Florida use honey bees to pollinate their orange trees. If the
A. Increase
B. Decraese
C. Stay the Same
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- Give typing answer with explanation and conclusion Explain carefully why, in a competitive market, a quantity less than the equilibrium quantity is inefficient.When a market is in equilibrium, the buyers arethose with the _________ willingness to pay and thesellers are those with the _________ costs.a. highest; highestb. highest; lowestc. lowest; highestd. lowest; lowestWhat happens to the market price when a producer in a competitive marketincreases its output?
- Suppose that in a competitive market for ukuleles, three buyers (Peter, Paul, and Mary) have the marginal benefit (MB) schedules below. Quantity MB—Peter MB—Paul MB—Mary 1 150 140 130 2 120 110 100 3 90 80 70 4 60 50 40 5 30 20 10 If the equilibrium price is $80, calculate the quantity purchased by each buyer.Explain the Market Equilibrium.Explanation it correctly and details At a price of $26.75, producers will provide 7 items, while at a price of $32.25, they will provide 29 items. Consumers will purchase 86 of these items if the price is $89.5, but will purchase 131 items if the price decreases to $79.25. Find the market equilibrium point.? (Enter your answers as a comma-separated list.) (x,y)
- Market equilibrium takes place at the point where MC < MR True/ FalseThe U.S. government subsidizes U.S. soybean farmers. When the government payssoybean farmers to produce the market price of soybeans _____ and the farmer’s marginal costs of producing ______.a. decreases; increasesb. increases; decreasesc. increases; increasesd. decreases; decreasesPrice per Ice-cream (Rs.) Demand for Ice cream (Qd) Supply for Ice cream (Qs) 140 500 1500 120 750 1200 100 1000 1000 80 1250 750 60 1500 600 40 1750 300 Draw the market equilibrium for Ice cream