Consider the Global Market for Barley,an Agricultural Commodity

question 156

Multiple Choice

Consider the global market for barley,an agricultural commodity.Suppose that in August,2014,the equilibrium price and quantity were P = $150 per tonne and Q = 350 million tonnes.In August,2015,the equilibrium price and quantity were P = $159 per tonne and Q = 372 million tonnes.Which of the following is the best possible explanation for this change in market equilibrium?

• A)There has been an increase in demand for barley.
• B)There has been an increase in supply of barley.
• C)There has been a simultaneous decrease in demand and increase in supply of barley.
• D)There has been a decrease in supply of barley.

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Definitions:

Sexual Fantasies

Imaginative thoughts or daydreams about sexual activities or desires that can serve various psychological functions and are a normal aspect of human sexuality.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.

Conscious

Pertains to the awareness of one's own existence, sensations, thoughts, surroundings, and the ability to experience feelings.

Anal Stage

The second stage in Freud's psychosexual development, occurring approximately between the ages of 18 months and three years, where the anus is the primary erogenous zone.