You are an owner of an apple farm, which of the factors listed below would increase the supply of apples?   increase in the price of apples   new research revealed novel health benefits of apples   drought –a prolonged period of time with no rain   new, more efficient apple picking technology   None of the options in this list.

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 supply of apples?

Do you eat the Miracle Apple (or Red the Tyrant?) What kind of apple do you eat (or do you care what kind you eat?) and why?What other currently and seemingly perfectly competitive markets do you think can become monopolistically competitive? Explain how this will happen.

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

A drought in California destroys many red grapes causing the prices of both red grapes and red wine to rise. As a result, the consumer surplus in the market for red grapesGroup of answer choicesdecreases, and the consumer surplus in the market for red wine decreases.increases, and the consumer surplus in the market for red wine decreases.increases, and the consumer surplus in the market for red wine increases.decreases, and the consumer surplus in the market for red wine increases.