The price of milk increases. What happens to the supply of ice cream? (subject: Economics) Help me Plz!!!

Answers

Answer 1

Answer:

1. Input Prices. Milk is one of the inputs for making an ice cream. If the cost of the milk goes up then the profit per ice cream sale will go down.

Explanation:

The higher price of ice cream will make milk producers supply more milk to ice cream manufacters as they would be willing to pay higher price for milk. Thus the equilibrium quantity and price of ice creams produced will reach a new level where the demand will be equal to supply .


Related Questions

20 POINTS QUESTION PLEASE HELP. THANKS :)

Discuss how new technology and the use of propaganda changed how governments waged war during World War I.

Answers

Answer:

New technology allowed more much more ease in the aspect of quickly and effectively communicating with one's allies. This technology had the potential to be a speedy method of propaganda distribution in the sense that it was able to quickly push propaganda to the eyes of many citizens to rally support for their cause. Propaganda was meant to slander or diminish the public liking of a certain individual or opposition to a cause. Thanks to this, it was much easier to convince the public to support their cause.

Explanation:

Answer:

New technologies and propaganda drastically changed how governments waged war during World War I by allowing communication with allies to be accomplished a lot easier, as well as allowing governments to garner support from the general populace much quicker than ever before. Propaganda has been around for a while, but it became increasingly popular around the WWI era. Propaganda changed how governments waged war because propaganda allowed the government to change the minds of the people with ease, as propaganda often exaggerated things, and made it so that it seemed like without the support of the people, life as they knew it would end. These ideas, even if they were false, were portrayed in a way meant to convince people to support the government. Technology also contributed to the spread of propaganda, as new technologies allowed government bodies to distribute propaganda, which increased public support a lot faster than previously thought possible. Also, countries could communicate with their allies with relative ease, using technology such as the telegraph, radios, telephones, etcetera. All of these factors combined changed how governments waged war by making it a lot easier to do so, as with most of the people supporting the war, it would be almost guaranteed for there to not be a revolution as a result of heavy backlash. Also, countries would not be as hesitant to go to war, since they had a lot better communication with their allies and their own armies, which made it so that countries would know how much of a risk they were taking by entering the war and sending out troops.

Explanation:

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