There Is an Increase in the Price of Broccoli Because

question 52

Multiple Choice

There is an increase in the price of broccoli because of the disastrous weather that destroyed half of this year's spinach crop.Choose the statement that is correct.

• A)The demand curve for broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
• B)The demand curve for broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
• C)The supply curve of broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
• D)The supply curve of broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
• E)The demand curve for broccoli shifted leftward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.

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Definitions:

Bureaucracy

An ideal form of organizations, the characteristics of which were defined by the German sociologist Max Weber.

Product Development

The complete process of bringing a new product or service to the market, from concept generation to commercialization.

Final Implementation

The last phase in a project or plan where strategies or designs are put into operation or practice.

Output Goals

Output goals are the goals that define the type of business an organization is in.