Although horses were once a very important factor of production, the development of automobiles and other machinery reduced the demand for their use. This is an example of: a higher prices of substitute factors shifting demand for horses to the left. b technological progress shifting the demand for horses to the left. c higher marginal costs for horses, having no impact on the demand for horses. d technological progress shifting the demand for horses to the right. e higher marginal costs for horses, shifting demand for horses to the right.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Although horses were once a very important factor of production, the development of automobiles and other machinery reduced the demand for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You establish a straddle on Walmart using September call and put options with a strike price of $99. The call premium is $7.95 and the put premium is $8.70.
Answers (1)
A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?
Answers (1)
During this stage, customers are growing more aware of the product and its benefits. Choose the answer. A.) growth B.) maturity C.) introduction D.) saturation
Answers (2)
Industrial tools owes you $38,600. this amount is seriously delinquent so you have offered to accept weekly payments for one year at an interest rate of 3 percent to settle this debt in full. what is the amount of each payment?
Answers (1)
In an operating lease, a sale is not recorded by the lessor. Instead, the periodic lease payments are accounted for as rent revenue by the lessor. The lessee records a right-of-use asset and lease liability at the present value of the lease payments.
Answers (1)
New Questions in Business
How do you get a business at the age of 13
Answers (2)
Use the following data to compute total factory overhead costs for the month: Sales commissions $ 12,200 Direct labor 41,000 Indirect materials 16,600 Factory manager salaries 8,600 Factory supplies 10,400 Indirect labor 7,700 Depreciation-office
Answers (1)
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard).
Answers (1)
How to adjust tuxedo pants adjustable clip?
Answers (2)
How many credits do you need to be a 11th grader
Answers (1)