question archive Consider the statement below, and determine it it is true, false or uncertain: "If the value of a dairy calf rises (each milking cow produces one calf per year in addition to her milk, and dairy calves are valuable for producing veal or as replacement heifers) then the value of a milking cow in Canada will not change because nothing has happened to change the regulated price of milk in Canada
Consider the statement below, and determine it it is true, false or uncertain: "If the value of a dairy calf rises (each milking cow produces one calf per year in addition to her milk, and dairy calves are valuable for producing veal or as replacement heifers) then the value of a milking cow in Canada will not change because nothing has happened to change the regulated price of milk in Canada
Subject:EconomicsPrice:2.88 Bought3
Consider the statement below, and determine it it is true, false or uncertain:
"If the value of a dairy calf rises (each milking cow produces one calf per year in addition to her milk, and dairy calves are valuable for producing veal or as replacement heifers) then the value of a milking cow in Canada will not change because nothing has happened to change the regulated price of milk in Canada."
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
The given statement is TRUE
The demand for milking cows is the derived demand that is dependent on the price and quantity of the milk demanded in the market. With no change in the market demand and price, the price of the milking cow will not change.
