Sheila sells corn in a perfectly competitive market. This month Sheila receives a lower price for a bushel of corn than she did last month. This might have happened because:
A. the market demand increased for corn.
B. the market demand decreased for corn.
C. firms exited the market.
D. Sheila's costs have increased.
Answer: B
Economics
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A ________ is a payment or a tax break used as an incentive for an agent to complete an activity
A) tariff B) subsidy C) wage D) rent
Economics
Economies that are more open seem generally to be economies that grow faster. How might this be explained?
What will be an ideal response?
Economics