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:

Selling Today

The act of disposing of an asset or security in the current market with the intention of realizing its current value.

Par-value

The face value of a bond or stock, as stated by the issuing company, which is typically the amount paid out at maturity for bonds.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, taking into account both current income and capital gains or losses.

Zero-coupon Bonds

Debt securities that are issued at a discount to their face value and do not pay interest during their life but are redeemed at full face value at maturity.