Wednesday
July 23, 2014

Homework Help: Equilibrium Price

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

First Name:
School Subject:
Answer:

Related Questions

Equilibrium Price 2 - beginning from the point reached in your answer to part b...
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 ...
macroeconomics - I am not sure how to draw the graphs can anyone help answer ...
Math - The 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 ...
home economics - Graphing : Mooville is a small town in texas. assume that beef ...
English - Bring me the largest head of lettuce, please. I have to pick out the ...
Finite Matematics - The quantity demanded x each month of Russo Espresso Makers ...
college finite math - The quantity demanded x each month of Russo Espresso ...

Search
Members