Answer:
(C) reached the rate of 80 billion percent per month.
Explanation:
Inflation in Zimbabwe in 2008 -
In the year 2008 , Zimbabwe was in a condition of hyperinflation , which started in the February 2007 , and was extremely high in the year 2008 to 2009 .
During this time the government of Zimbabwe stop to fill the official inflation statistics , and hence it became very difficult to measure Zimbabwe's hyperinflation .
But the estimated amount was around 80 billion percent per month .
Answer:
A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.
Explanation:
Answer option A) Test - market the product.
Answer: A perfectly inelastic supply curve means that<u><em> the quantity supplied is completely fixed.</em></u>
Perfectly inelastic supply states that supply is completely fixed. Therefore it is not affected by the change in price level.
<u><em>Therefore, the correct option in this case is (e)</em></u>
Answer:
C) producers to supply more and consumers to buy less.
Explanation:
The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).
Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.
