The basic principle is that if the price of a product goes up, all other factors being equal its demand will go down and vice versa (law of demand). Since in this case the price goes up, the demand will go down. The law of supply states that hen prices rise, supply rises too (in order to make profit). There is no general model predicting whether the market will be more competitive or not. Thus, the best answer from the above is A.
Your answer would be False, <span>it's not an example of a workplace policy.
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Answer:
The correct answer is A
Explanation:
Cash payments journal is the one which records the all the cash payments which is made by the business which involve the cash purchases of equipment, merchandise, supplies and payment to creditor.
So, the note payable payment in which the cash is received is recorded in the cash payment journal and also the accrued interest.
Answer:
Task statements should be identified at first, and then used to create task dimensions. The classification of the task to dimensions, can only be dependent on the task statements.
This will help task managers to coordinate the people assigned to them.
Explanation:
Task dimension which can be defined as differentiating of task by complexity, from low to high relates to how managers coordinate activities with people over whom they have direct effect or control, when executing a given task. Before this can be done, the statements of the task should have been identified.
Task management is the process of managing task through its life cycle, including planning, testing, tracking and reporting. Task management can help either individuals achieve goals, or groups of individuals collaborate and share knowledge for the accomplishment of collective goals.
The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
