Ask Question
BusinessBusiness
19 September, 16:27

4. Why doesn't a change in the price of eggs cause a change in the demand for eggs? What causes a shortage and how can it fairly quickly be resolved?

+3
Answers (1)
  1. 19 September, 18:58
    0
    Eggs are a necessity and the price of eggs usually wouldn't change the demand of eggs because people need eggs enough to purchase them at any price. It's also because a price change usually occurs as a result of a demand change, not the other way around (unless they lose a lot of money). What causes a shortage is when there isn't enough of a product produced and it depends on the item as how quickly it can be fixed. If it's a "made" product, then the turn around can be pretty quick. It just comes down to the company making more. But if it's a grown or produced product, like corn, it is up to the farming industry as to how fast it can be resolved.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “4. Why doesn't a change in the price of eggs cause a change in the demand for eggs? What causes a shortage and how can it fairly quickly be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Strategic management focuses on integrating management, marketing, finance and accounting, production and operations, research and development, and information systems to achieve organizational success.
Answers (1)
When gathering information about an industry, pay attention to whether it is a growth industry. What does this mean? A. An industry that requires you to grow a lot by learning new skills. Can be difficult to get into. B.
Answers (1)
Eve's Apples opened its business on January 1, 2018, and paid for two insurance policies effective that date. The liability policy was $36,000 for 18 months, and the crop damage policy was $12,000 for a two-year term.
Answers (1)
The electronic version of the owner guide contains the same information that is found in the paper owner guide that is placed in the vehicle trues or false
Answers (1)
A recent study determined the following elasticities for Volkswagen Beetles:Price elasticity of demand = 2Income elasticity of demand = 1.5The supply of Beetles is elastic.
Answers (1)
New Questions in Business
Kyle and lyle want to pool their inheritance money to make a joint investment. they are young and are willing to accept moderate to high risk over a number of years. which combination of investment options best suits their needs?
Answers (1)
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Home » Business » 4. Why doesn't a change in the price of eggs cause a change in the demand for eggs? What causes a shortage and how can it fairly quickly be resolved?
Sign Up Forgot Password?