An increase in prices of mutton provides information whichTells consumers to buy more muttonTell producers to produce more muttonTell consumers to buy more chickenA a & bB b & cC a & c

Evaluate the claim by producers that ‘the market structure of the chicken-meatproduction industry meets the needs of both consumers and producers’

Speculation of food commodities on global stock markets can lead to Blank______.Multiple choice question.increasing food pricespoor food productionincreasing availability of food products globally

When demand increases, equilibrium price and quantity increase. As a result, with other things remaining constant, Multiple choice question.consumers benefit because more is available to buy.producers benefit from lower prices.producers do not benefit due to higher production costs.consumers do not benefit due to lower prices.

list and explain 5 importance of price to producers

Chicken and fish are assumed to be substitutes for each other. If the price of chicken increases, demand for fish will...A. Decrease and the demand curve for fish will shift to the leftB. Increase and the demand curve for fish will shift to the rightC. Increase or decrease, but there will be no change in demand for chickenD. Not change but there will be a movement along the demand curve for fish