Question

6. There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and watered in wire cages). The free range technique has a much more elastic supply curve than the factory technique. When the demand for eggs falls: egg production using the factory technique falls less than with the free range technique. b. egg production using the factory technique falls more than with the free range technique.

Answer 1

Answer:

egg production using the factory technique falls more than with the free ... E) the free range egg producers supply curve shifts inward. ... B) has a constant price elasticity of demand.