Answer:
economics a situation in which the market demand for a commodity is greater than its market supply, thus causing its market price to rise.
Explanation:
this is the definition. hope this helps.
Answer:
B. This genetic mutation codes for the production of a protein that provides resistance to the disease.
Explanation:
Answer:
A. make sure government programs can function properly.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.
Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.
The right answer for the question that is being asked and shown above is that: "d. Marketing." The section of a company promotes the business is that of Marketing. They are responsible to whatever undertaking that they will do in order to promote the product or the business.
Answer:
. are the most elastic in their demand for a product.
Explanation:
Price discrimination is when a producer sells the same good at different prices to consumers.
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
The more elastic demand is, the more sensitive demand is to changes in price.
The less elastic demand is, the less sensitive demand is to changes in price.
A price discriminating seller who wants to maximise profits would charge higher prices to the consumer with a less elastic demand and a lower price to a consumer with a more elastic demand.
I hope my answer helps you
