Asked by
Adriana Flocker
on Dec 11, 2024
Verified
Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what will be the effect in the egg market?
A) The quantity of eggs demanded will increase.
B) Egg demand will decrease.
C) Egg supply will increase.
D) Egg supply will decrease.
Egg Market
The commercial market involved in the production, distribution, and sale of eggs.
Egg Demand
The desire or market requirement for eggs, influenced by factors such as price, income, and preferences.
Egg Supply
The total quantity of eggs available in the market for consumption, affected by factors like production, import, and existing stock.
- Discern the effect external influences have on the availability and desire for products.
Verified Answer
KP
Learning Objectives
- Discern the effect external influences have on the availability and desire for products.
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