Answer:
The correct answer is option a.
Explanation:
The aggregate demand in an economy comprises of consumer spending, government spending, investment expenditure, and net exports.
An increase in any of these components will cause the aggregate demand to increase or decrease.
So when the government spending increases the aggregate demand will increase. This increase in the aggregate demand will cause the aggregate demand curve to shift to the right.
This rightward shift in the aggregate demand curve will cause the price level and equilibrium quantity to increase.
Artists often use WATERCOLORS to create small and intimate works because the paints are easy to carry and only requires a glass of water. Watercolor is made up of pigment in a vehicle of water and gum Arabic, which is a sticky plant substance that acts as the binder. The most common support for watercolor is paper. Watercolors could readily be taken on outdoor sketching expeditions and are particularly preferred by amateur artists.<span />
Answer:
marriages, fishing, hunting, and dogs
Explanation:
Answer: Elasticity of demand is 7.06
Explanation:
P1= $2,750
P2=$2,880
Q1=446,000
Q2=321,000
Elasticity = -0.76
Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.
