This is an example of "Equilibrium in business"
<u>Explanation:</u>
Equilibrium is the state of balance between market supply and demand, and as a consequence, prices are stable. Over-supply of goods or services generally causes prices to fall, leading to higher demand. The offers and demand balance effect results in a stable state. Here as Denny have good retail distribution network which allow him to supply across city and maintain lower price due to good availability of ice creams. For Denny reaching to the customers was easy via vans, thus his ice-creams had lower price.
Out of the choices given, the choice that is NOT a use for project plans in the workplace is teacher lesson plans. The correct answer is B.
The correct answer is: [C]:
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"<span>a want for an item that is much in demand by a great number of people" .</span>
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<u>Note</u>: Let us consider the other answer choices:
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Choice: [A]: "<span>a need for basic necessities, such as food, clothing, and shelter."
This refers to a "need" — NOT a "demand" ; so we can rule out "Choice: [A] " .
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Choice: [B}: "a need that is really a want, meaning the person can live without what they demand" .
This refers to a "want" — NOT a "demand" ; so we can rule out "Choice: [B] " .
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Answer:
like if you're in a pie challenge
Explanation:
and you eat the pies reaaaaallll fast bc you wanna win. then you're being competitive
Answer:
Answer is option a, i.e. trade-offs and connections may differ in short run and the long run.
Explanation:
Keynes' law in economics and Say's law in economics are contradictory in their perspective. Where Keynes' law says that it is the demand that creates the supply, on the other hand, Say's law states that its the supply that tends to create the demand. But, we cannot neglect any of the above facts as demand and supply cant operate independently. So, on combining the two laws, we happen to take both the given laws into account. Also, it is found that Keynes' law is more appropriate and accurate for the short-run whereas, Say's law is for the long run. This thus creates trade-offs and connections that differ in the short-run and long-run by affecting the three important goals of macroeconomics, i.e. higher standard of living, low inflation, and low unemployment.
