New oak tables are normal goods. what would happen to the equilibrium price and quantity in the market for oak tables if the price of maple tables rises, the price of oak wood rises, more buyers enter the market for oak tables, and the price of the glue used in the production of the new oak tables increased?
a. price will fall, and the effect on quantity is ambiguous.
b. quantity will rise, and the effect on price is ambiguous.
c. quantity will fall, and the effect on price is ambiguous.
d. price will rise, and the effect on quantity is ambiguous.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “New oak tables are normal goods. what would happen to the equilibrium price and quantity in the market for oak tables if the price of maple ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
12. Conan and Andy decide to form a new corporation, LN Corp. Conan contributes property with a basis of $10,000 and a fair market value of $18,000 in exchange for 5 shares of LN stock and $13,000 in cash, which LN borrows from a bank to finance.
Answers (1)
A bank employee sold customers personal identification to a third party what law did the employee break?
Answers (2)
The relationship between the interactive communication capabilities of the internet and customization is that
Answers (1)
It's is unethical to report the the wrongdoing of a coworker True or false
Answers (1)
All of the following are arguments in favor of social responsibility except: Select one: a. Corporate action to cure social problems makes some government regulation of corporate activity unnecessary. b.
Answers (1)
New Questions in Business
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)
1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.
Answers (1)
Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the
Answers (1)
Choose the best revision of the previous sentence. Because many executives have access to company jets boards of directors have a responsibility to ensure that shareholders are not footing the bill for personal travel.
Answers (1)
Who puts the federal budget together?
Answers (1)