Question

Bob sells farm equipment in lowa and has for twenty years. The last two months he has seen the quantity demanded for high-end tractors decrease by 35% compared to the same time last year. What is a possible explanation for events that have shifted the demand curve? OCustomers incomes have increased. The price of tractors has increased O Customers incomes have decreased.

A ruthless dictator has recently taken over the small island of Tokolis government and is making changes to how the government and economy used to be. One of his first actions is to enforce a command economy so as to control all aspects of the country. As you watch this new dictators changes, which of these actions would be in line with this new command economy he is creating? O He opens up the economy to admit foreign companies to create business in the country and have access to the countrys resources. O He deregulates government owned land and resources and allows the people to purchase them and create private businesses. O He creates a new government body called the Ministry of Planning which will set wages, prices and production targets to reach each month

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An )The comed cption is te., customeas incomes have decy eased Because the Shiet in the demandt fos tradol can only happen by change in fatds other tan own poice of tacfoas: The factor cohlch mauy have decreased the demand trados heee twill be the income of the consumers roist have decre asedThe correct option ts, c , Because Theㆆuthless dictator will drect to contol all the vesour ces.the dictato wil never open

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