🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
132
views
29 Oct 2020

In the production of clothes, if the cotton prices rise, then what will happen to the supply of cotton clothes?

Booster class
Microeconomics
Skill
Identify and Explain Factors affecting Demand and Supply
Watch
1
answer
0
watching
132
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Paramjeet Chawla
Paramjeet ChawlaLv8
29 Oct 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Farmers can use their land to grow corn or cotton. Because of the increased demand for moisture- wicking sportswear, the demand for cotton has decreased. What are the general equilibrium effects in the market for corn and the market for cotton?

The price of cotton will rise from the decrease in demand, causing farmers to plant more cotton and less corn.

The decrease in the supply of corn will push up corn prices.
The price of cotton will fall from the decrease in demand, causing farmers to plant less cotton. The decrease in the supply of cotton will raise cotton prices and cause the demand for corn to rise.
The price of cotton will fall from the decrease in demand, causing farmers to plant less corn. The decrease in the supply of corn will raise corn prices and cause the demand for cotton to fall.
The price of cotton will fall from the decrease in demand, causing farmers to plant less cotton and more corn. The increase in the supply of corn will push down corn prices.

Emily receives a quarterly clothing allowance of $500 from her employer. She uses this money to buy shoes and clothes that she needs for her job as a public relations officer. If each piece of clothing costs $50, what is the maximum number of clothes that Emily could buy per quarter?

    1. 10 clothes

    2. 12 clothes

    3. 14 clothes

    4. 8 clothes

Alzania produces and consumes​ 500,000 tons of cotton during a year. Reports indicate that​ Alzania's neighbor, which also employs the same number of people in the cotton​ industry, consumed​ 400,000 tons of cotton. This led industry experts to believe that Alzania had an absolute advantage in the production of cotton over its neighbor.

a.alzanias neighbor has been producing cotton longer than alzania.
b.alzainias neighbor exported half its production of cotton that year.
c.alzania is a closed economy.
d.the cotton industry in Alzania is heavily regulated by the government.
e. workers in Alzania have higher productivity due to better education and training.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in