The answer is (b) Greater,Rise ,toward
Explanation:
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is <u>Greater </u>than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon <u>Rise</u> .This would push the price <u>Toward</u> the equilibrium price
The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).
Also an increase in the number of buyers of a particular product leads to a shift in the demand curve towards the right side
Answer:
1
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
In a perfect monopoly, there is only one firm operating in the industry
In a monopolistic competition, differentiated products are sold
In an oligopoly, there are few large firms
Answer:
Correct answer:
b) lower prices for consumers and producers
Explanation:
In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).
<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>
Answer: D) Behavioral CQ(Cultural intelligence)
Explanation:
Behavioral cultural intelligence is defined as intelligence that gives ability to a person for changing their verbal and non-verbal interaction skills as per cultural situation or condition.This help in learning and dealing with new cultural aspects easily for advancement.
According to the question's statement, modification in verbal and non-verbal communication technique is being depicted while interaction with different cultures.Therefore, behavioral CQ is the nature of the speaker.
Other options are incorrect because cognitive cultural intelligence, motivational cultural intelligence and meta-cognitive cultural intelligence are not depicted through question's statement.Thus, the correct option is option(D).
Answer:
Polish General Corporation is a new player in automobile production, their background for manufacturing automobile parts is an advantage as they can insource for parts.
The approach of giving ample time for trials is a good one. It will be a competitive advantage for the company if their products are synonymous with quality.
Their first product in the automobile market place should set a standard on which the company can build a long lasting brand.
So the decision by the manager to prolong trials is a wise one. The employees will also have mastered the process at the end of this period, having practices 60 - 100 times. Based on the expertise learnt products produced in the future will also have high quality.
Explanation:
