Suppose the price of a substitute to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs? the equilibrium price of lcd tvs will a. increase and the equilibrium quantity will increase. b. not change and the equilibrium quantity will not change. c. decrease and the equilibrium quantity will increase. d. increase and the equilibrium quantity will decrease. e. decrease and the equilibrium quantity will decrease.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

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Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.