Which three subsistence crops supply over 50% of human caloric needs worldwide? a.) Corn, rice, and potatoes b.) Wheat, com, and rice c.) Barley, rice, and corn d.) Rice, potatoes, and wheat
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- _______ Refers To an upper limit on the amount of a commodity that can be purchased by an individual unit?1. Which of the following variables does not directly impact the quantity of a good the firm is willing to produce? a. the price of the good b. the income level of the people who buy the good c. the number of firms producing the good d. the cost of a key input used to produce the goodQuestion 30 Panel (a) shows which of the following? Group of answer choices an increase in quantity demanded and an increase in supply an increase in demand and an increase in supply an increase in quantity demanded and an increase in quantity supplied an increase in demand and an increase in quantity supplied
- Quantity XX XX Quantily Refer to figure above. Assume that the graphs in this figure represent the demand and supply curves for new songs on iTunes. Which panel describes what happens in this market as a result of an increase in the price of new songs on iTunes, ceteris paribus? Panel (4) 10 Panel (c) Panel (c) Panel (a) None of these are correct Panel (b) Panel (d) Panel (b) Panel(d) QuantityUse the diagrams below to answer the following questions: Price per gallon ($) Milk Demand in Gallons 4.00 3.50- 3.00- 2.50- 2.00- 1.50- 1.00- 0.50- 0.001 A B D 0 1 2 3 4 5 6 7 8 9 10 Quantity (gallons per month) K7 Price per gallon ($) Milk Demand in Quarts 4.00- 3.50- 3.00- 2.50- 2.00- 1.50- 1.00- 0.50- 0.001 A B -D 0 4 8 12 16 20 24 28 32 36 40 Quantity (quarts per month) N The diagram on the left depicts Marley's demand for milk in gallons. If price falls from $2.25 per gallon to $1.75 per gallon, gallons purchased would increase from 3 to 7 gallons (4 gallons) per month. The slope of this demand curve is (Enter your response rounded to three decimal places.) The diagram on the right depicts Marley's demand for milk in quarts. If there is an identical price decline, quarts purchased would increase from 12 to 28 (16 quarts) per month purchased. The slope of this demand curve is (Enter your response rounded to three decimal places.)Price (Php/kg) 20 25 Quantity Supplied (qs) of Palay in Luzon (in billion kg) 11 12 Quantity Supplied (qs) of Palay in Visayas (in billion kg) 3.0 3.5 Quantity Supplied (qs) of Palay in Mindanao (in billion kg) 4.0 4.5 Quantity Supplied (qs) of Palay in the Philippines (in billion kg) 1. In one figure, graph the supply curve in Luzon (sL), Visayas (sV), Mindanao (sM) and the market supply curve in the Philippines (SP).
- Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in the price of corn will a.decrease the supply of corn. b.decrease the supply of soybeans. c.increase the supply of corn. d.have no effect on the supplies of corn and soybeans. e.increase the supply of soybeans.Activity 1. Show Me The Plot 1 Directions: Plot the following hypothetical demand schedule of pork and supply schedule of bangus in the market in a graphing paper and explain each graph. Price of Beef (Per Kilo) Quantity Demanded (in Kilos) P 150.00 90 P 140.00 100 P 100.00 130 P 75.00 150 P 60.00 170 P 40.00 200 Price of Bangus (Per Kile) Quantity Supplied (in Thousands) P 120.00 700 P 100.00 650 P 90.00 600 P 75.00 500 P 60.00 400 P S0.00 300help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
- There was a disruption in production and shipment of fertilizer when Russia invaded Ukraine in March 2022. How does the event in the market for fertilizer transition into the market for food. Explain and draw the graphs for both the markets.Wichita — Farmers in Kansas, the biggest US producerof wheat, are abandoning their crops damaged by severedrought and cold.Some are spraying wheat fields with crop-killingchemicals and claiming insurance payouts in the beliefthat it is not worth harvesting the little grain that thereis, Reuters found on a three-day tour of the state. Othergrowers let cattle graze on the dismal-looking fields.Abandoning fields will reduce the crop of the world’sfifth-largest wheat exporter, with stocks expected to fallto a 16-year low. Large-scale abandonment deals aneconomic blow to farm towns and force wheat buyersto adjust procurement plans by buying the staple grainelsewhere.Nationally, winter-wheat farmers plan to abandon 33%of the acres they planted, the highest percentage sinceWorld War 1, the US department of agriculture said ina May 12 report.Kansas farmers are expected to abandon about 19% ofthe area planted last autumn, up from 10% in 2022 and4% in 2021, according to the report. But farmers,…Wichita — Farmers in Kansas, the biggest US producerof wheat, are abandoning their crops damaged by severedrought and cold.Some are spraying wheat fields with crop-killingchemicals and claiming insurance payouts in the beliefthat it is not worth harvesting the little grain that thereis, Reuters found on a three-day tour of the state. Othergrowers let cattle graze on the dismal-looking fields.Abandoning fields will reduce the crop of the world’sfifth-largest wheat exporter, with stocks expected to fallto a 16-year low. Large-scale abandonment deals aneconomic blow to farm towns and force wheat buyersto adjust procurement plans by buying the staple grainelsewhere.Nationally, winter-wheat farmers plan to abandon 33%of the acres they planted, the highest percentage sinceWorld War 1, the US department of agriculture said ina May 12 report.Kansas farmers are expected to abandon about 19% ofthe area planted last autumn, up from 10% in 2022 and4% in 2021, according to the report. But farmers,…
