economics

posted by .

entrepreneur edward is planning to open a business selling ice cream. he knows that the price of ice cream is determined by the forces of supply and demand but wants a report outlining five specific events that can be expected to cause the equilibrium price of ice cream to increase

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. microeconomics

    Just when you really, really want an ice cream cone, the price is rising. But it isn't summertime gouging by manfacturers. The cost of milk fat, the principal ingredient in ice cream, jumped 71% druing the past 6 months to 2.22 at …
  2. Algebra 2

    an ice cream store has 31 flavors of ice cream and 10 toppings. A regular sundae has one flavor of ice cream, one topping, and comes with or without whipped cream. How many different ice cream sundaes can be ordered?
  3. Programming

    How do I declare how many boxes there are and how much per box with this information..... Write an IceCreamStation class in Java. An ice cream station sells ice cream cones, but needs to buy ice cream (by the pint) and cones (by the …
  4. Economics: Demand and Supply

    Suppose the market for ice cream is deregulated. That is, ice cream are free to adjust based on the forces of demand and supply. If a shortage exists in the ice cream market, then the current price must be _______ than the equilibrium …
  5. Economics

    A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result (of the increase in milk prices), retail prices for ice cream are up 4 percent from last year... and ice cream …
  6. Economics

    For each pair of commodities, state which you think is the more price-elastic and gave your reasons: perfume and salt; penicillin and ice cream; automobiles and automobile tires; ice cream and chocolate ice cream.
  7. finance

    Entrepreneur Edward is planning to open a business selling ice cream. He knows that the price of ice cream is determined by the forces of supply and demand, but he wants a report outlining five specific events that can be expected …
  8. Algebra 2

    An ice-cream parlor sells sundaes with 3 different types of ice-cream and 4 different toppings. They have 8 flavors of ice-cream and 10 toppings for their customers to chose from.what is the probability that a customer orders a sundae …
  9. Macroeconomics

    What happens to the equilibrium price and quantity of ice cream in response to each of the following?
  10. math

    Grandpa Mick opened a pint of ice crew. He gave his youngest grandchild 1/5 of the ice cream and his middle grandchild 1/4 of the remaining ice cream. Then, he gave his oldest grandchild 1/3 of the ice cream that was left after serving …

More Similar Questions