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9)What is one reason European governments protect the growing of food with subsidies even though imported food would be cheaper? (A)to protect cattle growers because they like to see the cattle (B)to
allow the food producers to be able to pay their debts (C)to have food in case imports are ever cut off (D)to help the population forget the food shortages after World War II
)to have food in case imports are ever cut off
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User: 9)What is one reason European governments protect the growing of food with subsidies even though imported food would be cheaper? (A)to protect cattle growers because they like to see the cattle (B)to allow the food producers to be able to pay their debts (C)to have food in case imports are ever cut off (D)to help the population forget the food shortages after World War II

Weegy: )to have food in case imports are ever cut off
Expert answered|Booknerd_lizzy|Points 100|

User: 10)What is one way entrepreneurs influence supply? (1point)(A)subsidies (B)technology (C)regulation (D)taxes

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Asked 6/16/2012 2:55:14 PM
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what happens when the price decreases in the case of a product that has elastic supply?
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Updated 6/16/2012 11:44:30 AM
1 Answer/Comment
There is a decrease in demand. So in order to attract more buyer the business has decreased the price. If there was more people buying the product then there would be an increase in demand. The business would take advantage of the increase of consumers by raising prices. However that is not the case here. This is a decrease in demand
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if the supply of a good is elastic, which statement is true? A) the producer will increase the amount being produced if the price rises B) the producer is enjoying increasing marginal returns c) the producer will increase the amount being produced if the price falls D) the producer is experiencing diminishing marginal returns.
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Asked 6/16/2012 11:43:20 AM
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if sellers expect the price of a good to rise in the future, what are they likely to do? A) put more goods on the market immediately B) store goods now to sell more in the future C) raise their prices now D) set prices according to the law of demand
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