In the market for eggs, a removal of the price ceiling on eggs results in:
a. an increase in the demand for eggs.
b. farmers supplying more eggs to the market.
c. consumers demanding a larger quantity of eggs.
d. farmers supplying less eggs to the market.
e. consumers demanding a smaller quantity of eggs.
b
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Firms that anticipate hold-up, choose organizational or contractual forms
a. To give each party both the incentive to make relationship-specific investments b. To give each party both the incentive to ignore sunk costs c. To give each party both the incentive to reduce investments in reputation d. To give each party both the incentive to make non-specific investments
Recently, salmonella outbreaks occurred due to the contamination of the processing of peanuts. Given this information, it is likely that:
A) The price of peanut products would rise and the quantity of peanut products produced would fall. B) The price of peanut products would rise and the quantity of peanut products produced would rise. C) The price of peanut products would fall and the quantity of peanut products produced would fall. D) The price of peanut products would fall and the quantity of peanut products produced would rise.