The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. What will happen to the cereal market after the storm?
a) Demand will decrease.
b) Supply will increase.
c) Demand will increase.
d) Supply will decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been ...” 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
David, a manager at City Fish Shack, monitors the performance of workers in his department to see if the quality of their work is meeting the performance standards of the company. In doing so, which managerial task is David performing
Answers (1)
Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio is 8%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action?
Answers (1)
Alex receives a raise at work and continues to work the same number of hours each week. what is the most likely way that his demand for $3 t-shirts, which he considers an inferior good, change?
Answers (1)
How does the economy of Cuba differ from the economy of North Korea? A) In North Korea, the government's control of the economy has begun to loosen. B) In Cuba, the government maintains a tight hold over the economy.
Answers (1)
To gain market share, when hyundai first entered the u. s. car market it did so with a comparatively low pricing strategy. one of the negative side effects of making this pricing decision is a. difficulty raising the prices later. b.
Answers (1)
New Questions in Business
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
Answers (1)
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the account receivable is collected in cash.
Answers (1)
You have $ 400 and a bank is offering 4.0 % interest on deposits. If you deposit the money in the bank, how much will you have in one year?
Answers (1)
A promissory note a. cannot be factored to another party. b. has the party to whom the money is due as the maker. c. may be used to settle an accounts receivable. d. is not a formal credit instrument.
Answers (1)