an increase in a binding minimum legal price will do what to prices and quantities actually bought and sold in a market? prices will and the quantities actually bought and sold will .

Answers

Answer 1

A binding minimum legal price will cause prices to increase and the quantities actually bought and sold in a market to decrease.

The increase in the minimum price creates a shortage of supply relative to demand, resulting in less product being available due to sellers not being able to increase production quickly enough or afford the higher costs associated with doing so.

Buyers are willing to pay the increased prices, but will purchase fewer units given that they have a limited budget. Thus, when compared with a market without a binding minimum legal price, an increase in a binding minimum legal price will result in higher prices and lower quantities being purchased and sold.

To know more about legal price visit:

https://brainly.com/question/30736262

#SPJ4


Related Questions

Assuming you are an economically rational consumer how many bottles of water will you consume?

Answers

A rational consumer will drink water unless its want is satisfied. The term "utility" refers to the overall satisfaction or benefit gained from using a good or service. The Customers will try to maximize their utility, according to a common assumption in economic theories of rational choice.

Understanding the economic utility of a good or service is critical because it has a direct impact on demand and, consequently, price. In practice, consumer utility is typically impossible to assess or quantify. Some economists believe that by employing a variety of models, they can indirectly assess the usefulness of an economic commodity or service.

To learn more about utility, click here.

https://brainly.com/question/14974491

#SPJ4

1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."

Answers

Answer:

Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.

Mark Harrywitz proposes to invest in two shares, X and Y. He expects a return of 12% from X and 8 % from Y. The standard deviation of returns are 8% for X and 5% for Y. The correlation coefficient between the returns is 0.2.
a. Compute the expected return and standard deviation of the following portfolios:
Portfolio Percent in X Percent in Y
1 50 50
2 25 75
3 75 25

Answers

Mark Harrywitz is considering investing in two shares, X and Y. He anticipates a return of 12% from share X and 8% from share Y.

The standard deviation of returns for X and Y is 8% and 5%, respectively. The correlation coefficient between the returns of these shares is 0.2.

The correlation coefficient of 0.2 implies that the returns on X and Y are weakly correlated. Therefore, investing in both shares reduces the portfolio's overall risk. However, this reduction in risk depends on the correlation between the assets. When the correlation coefficient between assets is low, the diversification benefit is greater.

To calculate the portfolio's expected return, we use the weighted average of the expected returns on the two shares. If Mark invests $50 in share X and $50 in share Y, the portfolio's expected return will be 10% [(12% x 50%) + (8% x 50%)]. To calculate the portfolio's standard deviation, we use the following formula:

Portfolio standard deviation = [(weight of X x standard deviation of X)² + (weight of Y x standard deviation of Y)² + 2 x weight of X x weight of Y x standard deviation of X x standard deviation of Y x correlation coefficient]½

Using the above formula, we can calculate the portfolio's standard deviation to be 6.6%.

Therefore, Mark can expect an average return of 10% from his investment portfolio, with a standard deviation of 6.6%.

For more such questions on, shares :

https://brainly.com/question/29886006

#SPJ11

a. To calculate the expected return and standard deviation of the portfolios, we use the following formulas: Expected return of portfolio = (% in X x return of X) + (% in Y x return of Y)

Standard deviation of portfolio = sqrt[(% in X)^2 x (standard deviation of X)^2 + (% in Y)^2 x (standard deviation of Y)^2 + 2 x (% in X) x (% in Y) x (standard deviation of X) x (standard deviation of Y) x (correlation coefficient)] Portfolio 1: Expected return = (50% x 12%) + (50% x 8%) = 10%

Standard deviation = sqrt[(50%)^2 x (8%)^2 + (50%)^2 x (5%)^2 + 2 x (50%) x (50%) x (8%) x (5%) x (0.2)] = 6.02%

Portfolio 2: Expected return = (25% x 12%) + (75% x 8%) = 9%

Standard deviation = sqrt[(25%)^2 x (8%)^2 + (75%)^2 x (5%)^2 + 2 x (25%) x (75%) x (8%) x (5%) x (0.2)] = 4.69%

Portfolio 3: Expected return = (75% x 12%) + (25% x 8%) = 11%

Standard deviation = sqrt[(75%)^2 x (8%)^2 + (25%)^2 x (5%)^2 + 2 x (75%) x (25%) x (8%) x (5%) x (0.2)] = 7.22%

Therefore, Portfolio 1 has an expected return of 10% and a standard deviation of 6.02%. Portfolio 2 has an expected return of 9% and a standard deviation of 4.69%. Portfolio 3 has an expected return of 11% and a standard deviation of 7.22%.

Learn more about portfolios here

https://brainly.com/question/29518759

#SPJ11

- The discipline that helps companies measure, assess and explain the performance of social media initiatives in the context of specific business objectives.
- Determine what you're after on social media, what is it you want to achieve?
- It's only worth analyzing if you use it to help the brand.
Social Marketing Analytics

Answers

The most common and most important metrics to watch are Engagement Impressions & Reach Share of Voice Referrals & Conversions Response Rate & Time.

These combinations give you a 360-degree view of your social media performance. This information is collected to guide your marketing efforts and to provide you with the most helpful information possible. This information helps you decide where to focus your marketing efforts and which areas are better left alone.

Monitor information such as Visits to Pageviews Fans. Engagement metrics such as the number of comments posts liked number of favorites/shared tweets, and total fans of the page. A way to measure social media results is to look at key performance indicators. KPIs are elements that can be evaluated and measured.

Learn more about Social media here:-https://brainly.com/question/3653791

#SPJ4

Which of the following is most likely reason that a regulated product may go
to market?

Which of the following is most likely reason that a regulated product may goto market?

Answers

Answer:

B) it has passed testing and certification standards

Explanation: hope this helps!

Answer:

B IS CORRECT :))))

Explanation:

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

Learn more about Communication at:

brainly.com/question/25645043

#SPJ4

A government has started a public works program. The program uses tax
money to hire workers to repair roads, build dams, and install power lines.
The government has also reduced the taxes businesses pay for each worker
they employ.
Which macroeconomic goal is this government trying to achieve?
O A. Decreasing per capita GDP
O B. Reducing unemployment
O C. Reducing inflation
O D. Increasing GDP

Answers

Answer:

B. Reducing unemployment

Explanation:

The government, in this case, is using expansionary fiscal policies to create employment. Hiring people to build dams, repair roads, and install power lines leads to an increase in the government's spending in the economy. Consequently, a higher number of people will be working and earning. Increased earnings cause the aggregate demand to rise.

A reduction in business taxes reduces production costs. Businesses will be able to increase production, expand, and hire more workers when the cost of doing business is low.

Popularity increases a product’s

A. price

B. utility

C. life cycle

D. trial period

Answers

Answer:

life cycle

Explanation:

When a product has been popularized with adverts, people will know d product and will wanna try it out.Once this happens,the product will still be in existence prolonging the life cycle

A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is a. counted as out of the labor force but should be counted as unemployed. b. counted as unemployed but should be counted as out of the labor force. c. correctly counted as out of the labor force. d. correctly counted as unemployed

Answers

Answer:

The correct answer is B.

Explanation:

Effectively, a person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is counted as unemployed but should be counted as out of the labor force.

This is so because, according to the statistical criteria applicable to the labor market, the active population or labor force is considered to be all those people who are working or who, without work, are looking for it and in conditions to start working. work immediately. On the other hand, people who do not have the capacity or need to join the job market (due to age, health, wealth, etc.) or who do not work and are not looking for work, in order to have the conditions to do so, are considered passive population that is outside the labor force. The latter is the case of the person in question, who does not have a job and is not actively looking for it.

Which one of the five competitive strategies discussed in Chapter 1 most closely approximates the competitive approach apple inc. is employing
a. focused low-cost provider
b. broad differentiation
c. focused differentiation
d. low-cost provider
e. best-cost provider

Answers

Based on Apple's strategy, the most appropriate competitive approach that Apple Inc. is employing is the "broad differentiation" strategy. Therefore the correct option is option B.

This has been the accomplished by the Apple's distinctive and original product design, user experience, brand recognition, and marketing activities.

According to Apple's strategy, the "broad differentiation" strategy is the most suited competitive approach.

Apple products are often more expensive than competitors' products, but the corporation has managed to cultivate a dedicated customer base prepared to pay a premium for the perceived quality and differentiation they provide. Therefore the correct option is option B.

For such more question on competitive:

https://brainly.com/question/30426995

#SPJ11

When will the new Stranger Things season come out?

Answers

Possibly somewhere in early 2021. According to netflix.

Answer:

Around March 2021

Explanation:

A investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. This is an example of selection test that possesses
a. reliability
b. generalizability
c. utility
d. content validity
e. legality

Answers

utility The investment banking firm found that the analytical skills selection test it had been using to hire financial associates helped the firm to increase the revenue and profitability of the firm. This is an example of a selection test that possesses utility.

Why did you use the word "utility"?

Utility is the broad range of advantages derived from using a good or service.This is a concise definition of utility.Typically, consumers would choose choices that would maximize their utility, guided by economic models.

What does the term "utility function" mean?

The utility function is a tool used in economics to gauge a consumer's wellbeing or level of happiness in relation to their use of tangible commodities like food and clothing.In rational choice theory, utility function is frequently used to examine behavioral patterns in people.

To know more about utility visit:

https://brainly.com/question/14149928

#SPJ4

Which of the following organisations is most likely to sell shares for sale to invited investors?
a. A Sole trader
b. Partnership
C. Private limited company
d. A business with unlimited liability

Answers

Answer:

C. Private limited company

Explanation:

Ownership in a private limited company is restricted, unlike in a public limited company. The shareholders of a private limited company are usually family members, close friends, or people with a shared interest.

A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.

the simple circular flow model shows that workers, land owners, and owners of capital offer their services through: product markets

Answers

The simple circular flow model shows that workers, landowners, and owners of capital offer their services through resource(or Factor) markets. Thus, option (b) is correct.

What is circular flow model?

An economic model that depicts how money moves across the economy is the circular flow model. Businesses need resources to generate the goods and services that households and households buy.

The circular flow model is the based on the business and the households. The four factors of the recourses to the labor, entrepreneurship, land, and capital) these are the mainly used in the business to manufacturer their goods and produces the services.

As a result, the circular flow model are resource (or Factor) markets. Therefore, option (b) is correct.

Learn more about on circular flow model, here:

https://brainly.com/question/11324259

#SPJ4

Your question is incomplete, but most probably the full question was.

a) Product markets.

b) Resource(or Factor) markets.

c) Employment Agencies.

d) Business Firms.

For each of the following situations, select the most likely cause of resistance to change and indicate the most effective change tactic.
Junk-to-Go, a cleanup company, has built a lucrative business hauling people’s castoffs to the dump. The managers of Junk-to-Go recently attended a "Businesses of Tomorrow" conference and are now telling employees that recycling is the wave of the future and they should recycle everything they possibly can. However, the employees don’t believe that management is really committed to the idea of recycling, because they see managers throwing cans and bottles in the garbage. Now, many of the employees are questioning whether or not recycling is worth the extra effort it takes.
The most likely cause of resistance to change in this situation is:
Self-interest on the part of the employees
Managers and employees having different goals
The employees’ lack of understanding and trust
The most effective tactic for implementing change in this situation would be:
Top management support
Coercion
Negotiation
Participation

Answers

In the given situation at Junk-to-Go, the most likely cause of resistance to change is the: employees' lack of understanding and trust. The correct option is C.

This is because the employees have observed management's inconsistent behavior regarding recycling, which has led to doubts about the commitment to this new initiative.

The most effective tactic for implementing change in this situation would be: top management support. To foster trust and demonstrate genuine commitment to the recycling initiative, managers should actively participate in recycling efforts, set an example, and communicate the importance of recycling to the employees.

By doing so, they can show that the company is truly dedicated to the change, making it easier for employees to embrace the new direction.

The employees have observed management's inconsistent behavior regarding recycling, which has led to doubts about the commitment to this new initiative. The correct option is C.

To know more about trust, refer here:

https://brainly.com/question/23513206#

#SPJ11

Complete question:

For each of the following situations, select the most likely cause of resistance to change and indicate the most effective change tactic.

Junk-to-Go, a cleanup company, has built a lucrative business hauling people’s castoffs to the dump. The managers of Junk-to-Go recently attended a "Businesses of Tomorrow" conference and are now telling employees that recycling is the wave of the future and they should recycle everything they possibly can. However, the employees don’t believe that management is really committed to the idea of recycling, because they see managers throwing cans and bottles in the garbage. Now, many of the employees are questioning whether or not recycling is worth the extra effort it takes.

The most likely cause of resistance to change in this situation is:

a. Self-interest on the part of the employees

b. Managers and employees having different goals

c. The employees’ lack of understanding and trust

The most effective tactic for implementing change in this situation would be:

a. Top management support

b. Coercion

c. Negotiation

d. Participation

what is the percent atom economy for the bromination of stilbene?

Answers

The percent atom economy represents the efficiency of a chemical reaction in utilizing atoms to form the desired product while minimizing waste.

In the case of the bromination of stilbene, the reaction involves the addition of bromine to the double bond of the stilbene molecule to form 1,2-dibromo-1,2-diphenylethane. To calculate the percent atom economy, we compare the total mass of atoms in the desired product (1,2-dibromo-1,2-diphenylethane) to the total mass of atoms in all the reactants. Stilbene consists of 14 carbon atoms and 12 hydrogen atoms, while bromine is a diatomic molecule (Br2). In the product, there are two carbon atoms, two hydrogen atoms, and two bromine atoms.

By comparing the total mass of atoms in the product to the total mass of atoms in the reactants, we find that the percent atom economy for the bromination of stilbene is 66.7% (6 atoms in the product divided by 9 atoms in the reactants, multiplied by 100). This indicates that approximately two-thirds of the atoms are effectively utilized to form the desired product.

To learn more about bromination, visit here

https://brainly.com/question/28938775

#SPJ4

E-mail marketing serves all of the following purposes except

Answers

Answer:

To encourage customers to forward the e-mail to their friends.

Answer:

ion know bout that one there

Explanation:

Assume that the marginal propensity to consume is 0.90. As a result of an increase in the tax rates, the government collects an additional $20 million. What will be the impact on gross domestic product (GDP)

Answers

The impact on gross domestic product (GDP) is: GDP will decrease by a maximum of $180 million.

Gross domestic product (GDP):

First step:

rGDP = (MPC/MPS)change in taxes

Where:

MPC = .90

MPS = .10

rGDP = (MPC/MPS)change in taxes

rGDP=.90/.10

rGDP=9

Second step:

Gross domestic product (GDP)= (9)20 million

Gross domestic product (GDP)= 180 million (Decrease)

Inconclusion the impact on gross domestic product (GDP) is: GDP will decrease by a maximum of $180 million.

Learn more about gross domestic product (GDP) here:https://brainly.com/question/1383956

AnMPC = .90

MPS = .10

rGDP = (MPC/MPS)税收变化

rGDP=.90/.10

rGDP=9swer:

Explanation:

true or false? a market-share pricing objective is often used when a firm needs to reach an economy-of-scale point.

Answers

A market-share pricing objective is often used when a firm needs to reach an economy-of-scale point.

The above statement is true

What do you mean by market-share pricing objective?

Sales-oriented pricing goals try to increase sales or market share. A volume growth is assessed in relation to a company's own sales across particular time frames. A company's market share compares its revenues to those of other businesses in the same sector.For every business, the goal of pricing is to establish a price that is fair to both consumers and the producer in order for both to thrive in the market.The goal of a marketing plan is to have a clear path to follow in order to acquire new clients, improve connections with existing clients and consumers, boost sales, increase retention, and raise brand awareness.

To know more about Economy here

https://brainly.com/question/29762284

#SPJ4

An investor owning 400 shares of stock receives notice that the stock will be split. When the split is complete, the customer owns 1,200 shares of stock. The split must have been

Answers

Answer:

800....................


1. Personal Characteristics Jack Ma possess (In accordance with the discussion in
the lesson, give at least three.)
2. Key takeaways you've got from him. (Use your own words, give at least three)
3. In your own words, explain how Jack Ma thinks compared to typical individual​

Answers

Answer:

knock knock.................................

Which of the following allows for response tracking most easily?
SETELAH
A. Signage
B. Radio advertising
C. Television advertising
D. Internet advertising

Answers

Answer: internet advertising

Explanation:

Answer the above questions ⬆️​

Answer the above questions

Answers

Answer:

Sorting or classification

Answer:

this from my account notes hope this helps mark me brianliest

Explanation:

Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business.

purchased grooming equipment for $12,700

Answers

Answer:

who spends that much-

Explanation:

okay good job on the server Andrew and it they said

Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality

Answers

Answer:

A. Teacher

Explanation:

If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.

In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

Read more about net income here:

https://brainly.com/question/28390284
#SPJ1

Olivia makes beautiful pottery and wants to be able to sell it, but she does not know where to advertise or which pieces would be most appealing to a buyer. Olivia needs to find someone in the Marketing Research pathway of the Marketing, Sales, and Service career cluster to help her.

A.
True

B.
False

Answers

Answer:

A is true jssisisblaoausmsmsksk

The Answer is: A. True

Olivia makes beautiful pottery and wants to be able to sell it, but she does not know where to advertise

when marginal private cost is equal to marginal social cost, group of answer choices all negative externalities have been internalized. the activity in question generates no positive externality. the activity in question generates no negative externality. b or d all positive externalities have been internalized.

Answers

When quantity provided and quantity sought are equal, an intense competition will start to generate.

Is marginal the same as failing?

A margin fail (MF) is a score between 47% and 49%, which means that while your assessment shows some evidence of pertinent learning in connection to the course learning outcomes, the course's minimal standards have not been met. If you get this grade, you might be eligible for an additional test.

Do marginal changes in mean occur?

When making minor modifications to an established strategy, economists refer to these changes as marginal changes. Marginal changes, to put it simply, are minute adjustments that have no impact on the broader (macroeconomic) totals except as a whole.

To know more about marginal visit:
https://brainly.com/question/7781429

#SPJ4

All externalities are absorbed whenever marginal private cost and marginal societal cost are equal.

What does "cost" mean?

A cost is the worth of money that has been expended to generate something or provide a service and is therefore no longer available for use in manufacture, exploration, retail, and accounting. In the situation of an acquisition cost, the money spent on the sale is considered the price.

Describe the cost structure.

The totality of the many fixed and variable costs kinds that go into a companies' overall costs is known as its cost structure. Cost structures are used by businesses to determine pricing and pinpoint areas where costs might be cut.

To know more about cost visit:

https://brainly.com/question/17176506

#SPJ4

Setting a price for a product or product class based on the competitors' prices or market prices as the benchmark is referred to as Group of answer choices customary pricing. experience curve pricing. above-, at-, or below-market pricing. standard markup pricing.

Answers

The pricing strategy of setting a price for a product or product class based on the competitors' prices or market prices as the benchmark is referred to as "above-, at-, or below-market pricing." This pricing strategy involves analyzing the prices of competing products in the same category or market and positioning the price of one's own product either above, at, or below the average market price.

Above-market pricing is used when a product is perceived as having unique features or benefits that justify a higher price than its competitors. At-market pricing is used when a product is perceived as similar in quality and features to its competitors. Below-market pricing is used when a product is perceived as lower in quality or features than its competitors.

This pricing strategy can be effective in capturing market share or maintaining profitability, depending on the company's goals and the competitive landscape. However, it also has its limitations as it can create price wars or erode profit margins if competitors respond with lower prices.

In conclusion, "above-, at-, or below-market pricing" is a pricing strategy that involves setting a price for a product or product class based on the competitors' prices or market prices as the benchmark. This strategy can be effective in capturing market share or maintaining profitability, but it also has its limitations and can lead to price wars or erode profit margins if not carefully managed.

To know more about  pricing strategy  visit:

https://brainly.com/question/31726294

#SPJ11

Writ (T) for True and (F) for False Statements: All desires of human beings are known as ‘Demand’. Demand is inversely related with income of the consumer. Supply is the quantity which actually brought by the seller to sell in the market. The stock of perishable goods are similar to the supply quantity. Demand curve goes upward to the right, to show inverse relationship between price and demand for good. When the price of Giffen good increases, its’ demand also increases. Income demand means relationship between price and demand quantity. Size of population is also a determinant of demand. Individual demand means all quantity demanded by buyers in the market. Means and willingness are necessary factors to be demand. Fill in the Blanks by Suitable word Two major wheels of the economy are …….. and ……. …. … …. is the desire from sellers side. The major determinant of demand is … … The situations when law of demand is not applicable is known as its …. ….. Beggar’s desire is not regarded as demand, because he may not have … …. When price of one good affects to the demand for other good, this situation is known as … …. Demand is the effective desire backed by …. ….. and ……….. When price of a good increases, its demand …. ….. but the supply …… ….. Those goods, which can be consumed alternatively are termed as …. …… goods. ….… are those goods, whose demand rises when income the consumer decreases.

Answers

Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T

Please check Explanation below for answers to section 2

Explanation: All desires of human beings are known as demand is False.

(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.

(2) Demand is inversely related with the income of the consumer is False.

On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.

(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.

This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.

(4) The stock of perishable goods are similar to the supply quantity is False.

The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).

(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.

Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."

(6) When the price of Giffen goods increases, its demand also increases is True.

Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).

(7) Income elasticity of demand means relationship between price and demand quantity is False.

Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.

(8) Size of population is also a determinant of demand is True.

The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.

(9) Individual demand means all quantity demanded by buyers in the market is False.

Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.

(10) Means and willingness are necessary factors to have demand is True.

 Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.

Fill in the blanks by suitable words;

Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.

Other Questions
What mass of zinc contains the same number of atoms as 500.0 g of gold? Someone please help asap please is due in a couple minutes a bicycle with 19-in.-diameter wheels has its gears set so that the chain has a 6-in. radius on the front sprocket and 4-in. radius on the rear sprocket. the cyclist pedals at 190 rpm. find the linear speed of the bicycle in in/min (correct to at least two decimal places) Find the number that makes the ratio equivalent to 99:66:6 Help help math I need to pass please when charles married candace, everyone agreed that it was a match made in heaven. they were both doctors with strong traditional values, and both grew up in the countryside. charles and candace's marriage best illustrates an example of . group of answer choices endogamy homogamy exogamy polygamy The Law Of Conservation of Energy states that ____________.A. energy cannot be created or destroyedB. energy that goes into a system never equals energy that goes outC. both A and B Annette has studied piagets theory of cognitive development and believes it adequately describes the way the world works. What would she say about the developmental shift from, for instance, the preoperational to the concrete operational period of development?. A complex absorbs photons with an energy of 4.1010^19 J. What is the wavelength of these photons? If this is the only place in the visible spectrum where the complex absorbs light, what color would you expect the complex to be? A house was valued at $105,000 in the year 1990. The value appreciated to $170,000 by the year 2005. A) What was the annual growth rate between 1990 and 2005? B) What is the correct answer to part A written in percentage form? If fixed cost at quantity (Q) = 100 is $130, thena. it is impossible to calculate fixed costs at any other quantity.b. fixed cost at Q = 200 is $130.c. fixed cost at Q = 200 is $260.d. fixed cost at Q = 0 is $0.e. fixed cost at Q = 0 is less than $130 Overview: This week, you studied additional Flask functionality for creating a secure login form and associated files for a web site. The Lab for this week demonstrates your knowledge of this additional Python functionality. Be sure to use the examples in the textbook reading along with the associate libraries, functions and processes when completing the assignments for this week.Submission requirements for this project includes multiple files. (Zipping them into one file is acceptable and encouraged): Python Web Page Code (Python code, Templates, CSS and other associated files) Word or PDF file containing your test and pylint results Discount stores typically fall into the ________ group with respect to margins and volume. A) mixed-markup, high-volume B) low-volume, mixed-markup C) low-volume, low-markup D) high-volume, low-markup E) high-markup, lower-volume California voters will decide the fate of seven statewide propositions on Nov. 8. The propositions, like all state ballot measures, require approval by a simple majority of voters for passage. Unless otherwise specified, propositions approved by voters will take effect once the election results are certified in December. Heres what you need to know about Proposition 30. Proposition 30: Wealth tax for zero-emission vehicle programs This ballot measure would require wealthy Californians to pay an additional 1.75% in personal income taxes on annual earnings above $2 million starting in 2023. The revenue collected from this additional tax would support zero-emission vehicle programs and wildfire response and prevention efforts. For this discussion please provide at least one argument for and at least one argument against the proposition. the protein that carries oxygen in our blood is known as which is more likely to cause infection of deeper, less oxygenated tissues: a member of the enterics or pseudomonas? why? To meet its production orders, the warehouse of Basic Office Supplies has to pack and ship 6 orders every hour. The warehouse rund 24 hours per day. If the warehouse reports that they have packed and shipped 288 orders by the end of the second day, are they meeting their goal of 6 orders every hour? in 1982, the percentage of households that had a computer was closest to ____ percent. a typical neutron star may have a mass equal to that of the sun but a radius of only 10 km. (a) what is the gravitational acceleration at the surface of such a star? (b) how fast would an object be moving if it fell from rest through a distance of 1.0 m on such a star ? the beam is supported by two rods ab and cd that have cross-sectional areas 12 mm2 and 8 mm2 , respectively. determine the position d of the 6 kn load so that the average normal stress in each rod is the same.