You are an owner of an apple farm, which of the factors listed below would increase the quantity supplied of apples? Group of answer choicesincrease in the price of applesnew, more efficient apple picking technologynew research revealed novel health risks associated with the consumption of applesdrought – a prolonged period of time with no rainNone of the options in this list.

You are an owner of an apple farm, which of the factors listed below would increase the quantity demanded of apples?   new legislation forcing farmers to use less efficient apple picking technology   increase in the price of apples   drought – a prolonged period of time with no rain   new research revealed novel health benefits of apples   none of the other answers are correct

You are an owner of an apple farm, which of the factors listed below would increase the supply of apples?

Apple products are ............. other companies’ products. a) much more expensive, then b) much expensive, as c) more expensive, than d) so much more expensive, as

The price of apples falls by 5 percent and quantity of apples demanded increases by 6 percent. We conclude that the demand for apples is Group of answer choicesunit elastic.elastic.inelastic.perfectly elastic.

Question 11The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at a price of $0.40 per pound, then:1 pointquantity demanded will decrease.the price ceiling will not affect the market price or output.there will be a shortage of the good.quantity supplied will increase.