Monday
September 22, 2014

Homework Help: Microeconomics

Posted by Tami on Friday, July 20, 2007 at 9:41am.

The supply of meat in Russia increases, causing meat prices to fall. Lower prices always means that Russian households spend more on meat.

There is something wrong with this sentence. What is wrong? The work ALWAYS should not abe in here. Just because prices of meat fall does not mean that families spend more on meat.

A fall in the price of meat will cause a larger quantity of meat to be bought in most cases, but the total amount spent may be less.

It is often the case in agriculture that a very large crop or meat production will cause prices to fall so much that farmers end up making less money.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Microeconomics - Demand increases, causing prices to rise. Higher prices cause ...
Math - Steven bought a piece of meat and cut it into three pieces. The mass of ...
Physiology - Before the invention of refrigerators, pioneers preserved meat by ...
American Customs Question - Is it illegal to eat dog meat in America? My ...
english - can someone help take out the fragments Most Americans take the humble...
Science - Meat tenderizers contain enzymes. How do these enzymes affect protein ...
FCCOLLEGE - Rashida has a monthly income of $200.which sheallocates between two...
English - 1. Baozi is a steamed bread stuffed with meat, vegetables and red ...
chemistry question on fats - . This experiment separates meat into an acetone-...
chem lab question - 1. This experiment separates meat into an acetone-soluble ...

Search
Members