radomes.openskiesproject.org
mikobebaileVansi
mikobebaileVansi mikobebaileVansi
  • 05-08-2016
  • Social Studies
Answered

The current equilibrium price for a bushel of corn is $50.00. What happens to the equilibrium price if the import restrictions on corn are lifted?

Verified Answer :

andriansp andriansp
  • 06-08-2016

If the import restriction on corn are lifted, the equilibrium price would be most likely to fall.

Import restriction make the amount of products became limited, which increases the price.If this restriction are lifted, the equilibrium price would fall

hope this helps

Answer Link

Related Questions

Which equation has the steepest graph A Y 7x 3 B Y 8x 1 C Y 10x 4 D Y 2x 6
The difference between4632 and 20000
which word in the sentence is an interjection
what is the prefix of the word intervene and what would the meaning of that prefix be
sona knits 10 squares a day for 7 days can she sew together to make 5 equal sized blankets explain
The exact value of cos 17pi8 is a square root of 2the square root of 24 b 038 c 099 dsquare root of 2the sqaure root of 24
Who was the the founder of Daoism whose name means the Old Master
You are an amateur animal rights activist write a letter voicing your concern on cruelty towards animals
write the value of the 8 in this number 0287
How is the water on Earth split up