During the 1990s Positive Technological Change in the Production of Chicken

question 184

Multiple Choice

During the 1990s positive technological change in the production of chicken caused the price of chicken to fall.Holding everything else constant,how would this affect the market for pork (a substitute for chicken) ?

• A)The supply of pork would increase and the equilibrium price of pork would decrease.
• B)The demand for pork would decrease and the equilibrium price of pork would decrease.
• C)The demand for pork would increase because consumers could afford to buy more chicken and pork.
• D)The demand for pork would decrease and the equilibrium price of pork would increase.

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Definitions:

Cluster Scheduling

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Combination Scheduling

A method in operations management of integrating multiple tasks or operations schedules into a cohesive plan.

Time-specified Scheduling

A method of appointment scheduling in healthcare where each patient is allocated a specific time slot.

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A medical check-up for a pregnant woman to monitor the health of her and the fetus, typically including tests and scans.