If the current equilibrium price for a bushel of corn is $50.00, what happens to the equilibrium price of corn if import restrictions on corn are lifted?

1 answer
Question:

If the current equilibrium price for a bushel of corn is $50.00, what happens to the equilibrium price of corn if import restrictions on corn are lifted?

Answers

If import restrictions only in this country are lifted, equilibrium price will be lower, as there will be more supply and demand will stay the same.

Similar Solved Questions

1 answer

Which word in the sentence is a subject pronoun?They carried their instruments to the stage.A. instrumentsB. stageC. theyD.their

which word in the sentence is a subject pronoun?They carried their instruments to the stage.A. instrumentsB. stageC. theyD.their...
2 answers

What is the purpose of this passage? to inform readers about a variety of H. G. Wells's literary works to entertain readers with details from The War of the Worlds to inform readers about methods for writing science fiction novels to persuade readers of the literary merit of The War of the Worlds

What is the purpose of this passage? to inform readers about a variety of H. G. Wells's literary works to entertain readers with details from The War of the Worlds to inform readers about methods for writing science fiction novels to persuade readers of the literary merit of The War of the Worlds...
1 answer

Referring to Dyble and Magliano ,discuss how equality between the sexes shaped human society

Referring to Dyble and Magliano ,discuss how equality between the sexes shaped human society...
1 answer

Which colony was settled by the puritans?

Which colony was settled by the puritans?...
1 answer

What's -8x is less than or equal to 56

what's -8x is less than or equal to 56...
1 answer

My best friend Lawcance always___to music before he___to beda) listen/gob) listens/goesc) listens/god) listen/go

My best friend Lawcance always___to music before he___to beda) listen/gob) listens/goesc) listens/god) listen/go...
2 answers

What is the answer to: 5+7*3/5+8

what is the answer to: 5+7*3/5+8...
1 answer

A bullet of mass m1 = 0.020 kg is fired with initial speed v1 into a block of mass m2 = 0.500 kg that is initially at rest. The bullet becomes embedded in the block and the pair slide along to the right a distance d= 0.35 m over a rough surface with uk = 0.25. the spring (with k = 450 N/m) is compressed by a distance of x = 0.075 m. work backwards and determine the initial velocity of the bullet.

A bullet of mass m1 = 0.020 kg is fired with initial speed v1 into a block of mass m2 = 0.500 kg that is initially at rest. The bullet becomes embedded in the block and the pair slide along to the right a distance d= 0.35 m over a rough surface with uk = 0.25. the spring (with k = 450 N/m) is compre...
1 answer

Choose all of the following statements that correctly explain what essential amino acids are: Select 2 correct answer(s) It is essential that our diet provides these amino acids. There are 20 essential amino acids. Peanut butter on wheat bread is an example of a combination of foods that you can mix together to obtain the essential amino acids. Can be considered as saturated or unsaturated.

Choose all of the following statements that correctly explain what essential amino acids are: Select 2 correct answer(s) It is essential that our diet provides these amino acids. There are 20 essential amino acids. Peanut butter on wheat bread is an example of a combination of foods that you can mix...
2 answers

A religious heretic was known as?

a religious heretic was known as?...
2 answers

Which questions would most help a reader identify the author's purpose for writing? Select three options What type of text is this? What type of reviews did the book receive? How many copies of the book have been sold? u What is the central idea? How does this text make one feel?

Which questions would most help a reader identify the author's purpose for writing? Select three options What type of text is this? What type of reviews did the book receive? How many copies of the book have been sold? u What is the central idea? How does this text make one feel?...
1 answer

7) The negative-feedback system of the endocrine system works much like a ______

7) The negative-feedback system of the endocrine system works much like a ______...
1 answer

I don’t understand this

I don’t understand this...
1 answer

An automobile traveled 106 miles in 2 hours. What was average speed? Use the formula d = rt . 104 mph 0.02 mph 53 mph 108 mph 212 mph

An automobile traveled 106 miles in 2 hours. What was average speed? Use the formula d = rt . 104 mph 0.02 mph 53 mph 108 mph 212 mph...
1 answer

Tarea es de asistencia administrativa del debe y el haber dice que la compañía tiene un préstamo por dos millones del banco y tiene que tener un cuadro que diga que diga fecha cuenta concepto debe y haber de fecha yo le puse 17 del 11 del 18 de cuenta 1105 concepto caja pero lo que no sé es lo del debe y el haber me ayudan por favor y pues necesito se ha resuelto en el cuadrito por favor

Tarea es de asistencia administrativa del debe y el haber dice que la compañía tiene un préstamo por dos millones del banco y tiene que tener un cuadro que diga que diga fecha cuenta concepto debe y haber de fecha yo le puse 17 del 11 del 18 de cuenta 1105 concepto caja pero lo que no sé es lo d...
1 answer

Which graph has a slope of * ? Y 3 3 2- 3 2+ 2 3 4 5 x -5-4-3-2-1 1 2 3 4 5 x -2 13 -2-1,1 1 3 4 5 -2+ 3-2-11 -2+ -3 3 79 о 이

Which graph has a slope of * ? Y 3 3 2- 3 2+ 2 3 4 5 x -5-4-3-2-1 1 2 3 4 5 x -2 13 -2-1,1 1 3 4 5 -2+ 3-2-11 -2+ -3 3 79 о 이...
2 answers

The energy transformation in an electromagnetic is from chemical to electrical to electromagnetic waves. True or False?

The energy transformation in an electromagnetic is from chemical to electrical to electromagnetic waves. True or False?...
1 answer

What is the value of k ?

What is the value of k ?...
1 answer

What stage is the most inner part of the web architecture where data such as, customer names, addresses, account numbers, and credit card info, is stored

What stage is the most inner part of the web architecture where data such as, customer names, addresses, account numbers, and credit card info, is stored...
1 answer

A restaurant is having a deal for Valentine's day and is offering a 4-course meal for $27.00. If there is a sales tax of 8 percent, what is the actual cost of the meal? $

A restaurant is having a deal for Valentine's day and is offering a 4-course meal for $27.00. If there is a sales tax of 8 percent, what is the actual cost of the meal? $...

-- 0.013701--