There Are Two Techniques of Egg Production: Free Range (Where

question 31

Multiple Choice

There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and watered in wire cages) . The free range technique has a much more elastic supply curve than the factory technique. When the demand for eggs falls:

• A) egg production using the factory technique falls less than with the free range technique.
• B) egg production using the factory technique falls more than with the free range technique.
• C) the production using both techniques falls by the same amount.
• D) the factory egg producers supply curve shifts inward.
• E) the free range egg producers supply curve shifts inward.

---

Definitions:

Lease Payments

Lease payments are regular payments made by a lessee to a lessor for the use of an asset, such as real estate or a vehicle, over a certain period.

Duty To Pay

The legal obligation of a debtor to settle a debt or fulfill a contractual monetary obligation.

An Assignment

is the transfer of rights, property, or obligations from one party to another, typically involving contractual agreements or legal rights.

Abandonment

Behavior in which a tenant moves out of a leased premises before the end of the term and discontinues making rent payments.