The above figure shows how many pounds of peanuts farmers are willing to sell at different prices per pound of peanuts. If the price of a pound of peanuts is $1 and the price of a pound of pecans is $2, peanut farmers are willing to sell

A) no peanuts.
B) 1000 pounds of peanuts.
C) 2000 pounds of peanuts.
D) 4000 pounds of peanuts.

A

Economics

You might also like to view...

Mulch is shredded wood and is a by-product in the production of lumber. Because these two goods are produced together, they are

A) complements in production. B) substitutes in production. C) inputs into the same production process. D) not related. E) normal goods in production.

Economics

The addition to the economy's capital stock can be found by

A. Subtracting net income from gross investment. B. Subtracting NDP from GDP. C. Subtracting depreciation from GDP. D. Subtracting depreciation from gross investment.

Economics