which of the following would not cause a change in the demand for peanut butter?

Question

which of the following would not cause a change in the demand for peanut butter?

A.  An increase in population

B.  An increase in the number of children with peanut allergies

C.  a decrease in in the demend for jelly?

D.  an increase in the price of salt used to make peanut butter?

If coke and pepsi are substitues and the price of coke dreases, then the likely impact on the pepsi market will be that

A.  demand for pepsi will increase

B  the demand for pepsi will decrease

C.  the supply of pepsi will decrease

D.  The price of pepsi will increase.

True or false:  "one impact of technological advancements in the agri-food system has been the trend toward tighter vertical coordination and away from spot market transactions.

true or false:  "over the last several years, japan has typically been one of the top five import sources for agricultural and food products?"

&

which of the following is mostly true regarding agricultural production in the US?

A.  Approximately 16-18% of all agricultural production in the US is exported?

B  on average, farmers receive 20-25% of the food dollar

C.  The farm share of the food dollar has been increasing over time?

D  The united States has a positive agricultural trade balance

Explanation / Answer

Hi,

Please find the answer as follows;

Part A:

Option C (a decrease in demand for jelly) is the correct option.

Part B:

Option B (the demand for pepsi will decrease) is the correct option.

Part C:

One impact of technological advancements in the agri-food system has been the trend toward tighter vertical coordination and away from spot market transactions.

Answer is True

Part D:

"over the last several years, japan has typically been one of the top five import sources for agricultural and food products?"

Answer is False

Part E:

Option D (The united States has a positive agricultural trade balance) is the correct option.

Thanks.

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