Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.
Resource Prices – Rising resource prices lead to a decrease in supply or a leftward shift in the supply curve. Falling resource prices lead to an increase in supply or a rightward shift in the supply curve.
An increase in demand shifts the demand curve to the right and a decrease in supply shifts the supply curve to the left.
A decrease in demand leads to a decrease in the equilibrium price. Less quantity to deliver. An increase in supply leads to a product decrease in the equilibrium price, all other things being equal. Demand increases.
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Answer:
Ai Lun estimate that real rate would be 1%
Explanation:
The Formula for the Real Rate of Return is
Real rate of return =Nominal interest rate - Inflation rate
In this case ,
Nominal interest rate =3%
Inflation rate is given by the rising of the consumer prices =2%
So,
Real rate of return =3% - 2%
Real rate of return=1%
Answer: D. The spending and taxing policies used by the government to influence the economy
Explanation:
Fiscal policy is simply the application of government spending/expenditures and revenue/taxing policies to influence the economy of a nation.
a. tariff-----------------the government puts a high tax on sugar made in other countries.
A tariff is a tax forced on imported products and ventures. Tariffs are utilized to limit imports by expanding the cost of products and ventures bought from abroad and making them less alluring to buyers.
Tariffs can have unintended symptoms, be that as it may. They can make household ventures less proficient by decreasing rivalry. They can hurt local purchasers, since an absence of rivalry tends to push up costs.
b. quota-----------------the government limits the import of sugar from other countries
A quota is a legislature forced exchange limitation that restricts the number or fiscal estimation of merchandise that a nation can import or fare amid a specific period. Nations utilize quota in universal exchange to help control the volume of exchange amongst them and different nations. Nations here and there force them on particular merchandise to decrease imports and increment residential creation. In principle, amounts support local generation by limiting remote rivalry.
c. subsidy------------the government pays sugar farmers to keep sugar prices low.
A subsidy is an advantage given to an individual, business or foundation, for the most part by the administration. It is as a rule as a money installment or an expense decrease. The subsidy is regularly given to evacuate some kind of weight, and usually thought to be in the general enthusiasm of the general population, given to advance a social decent or a financial arrangement.
Answer:
consumer culture
Explanation:
Consumer culture correlates social values, ethnic status and social activities with the consumption of goods and services.
The concept behind consumer culture is to link the eating and consuming habits with that of social lifestyle. Taking McDonald's as an example, it is pertinent for a global corporation to respect religious and social limitations of its consumers. As a result of this, we see different menu all over the world. The example is McDonald's does not offer beef burgers in India.
