Posted by **Anonymous** on Saturday, September 16, 2006 at 3:44pm.

Suppose now that the invention of a better mechanical lettuce picker reduces costs. Producers are now willing to supply and quantity of lettuce for $9 less per crate than previously. What will happen to the equilibrium price of lettuce? Will it fall by th efull $9 amount? Explain why or why not by drawing in new suppply and/or demand curve(s) as needed. Label the new curve or curves and the new equilibrium with a subscript 2.

define

## Answer This Question

## Related Questions

- Equilibrium Price 2 - beginning from the point reached in your answer to part b...
- macroeconomics - I am not sure how to draw the graphs can anyone help answer ...
- economics - Suppose the demand and supply for milk are described by the ...
- Economics - An industry currently has 100 firms, all of which have fixed costs ...
- Microeconomics - Answer the following questions based on the graph that ...
- Math - The market sold 24 heads of lettuce one morning. That afternoon 2/7 of ...
- economics 11 - The demand and supply schedules for milk are as follows: Price ...
- math - Mimi's market sold 24 heads of lettuce one morning. That afternoon 2/7 of...
- math 5the grade - word problem: Mimi's market sold 24 heads of lettuce one ...
- MATH - Mimi's Market sold 24 heads of lettuce one morning. That afternoon 2/7 of...

More Related Questions