Answer:
B) always downward sloping.
Explanation:
The demand curve for normal goods is always downward sloping because of a combination of three factors:
- the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
- consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
- as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products
The answer in the space provided is second. The diminishing
returns set happens when there is an increase with the input variable and by
this, it will likely cause the output to decrease as the marginal increase and
in the same time, other inputs remains to be in constant.
Answer:
d. ad does not change.
Explanation:
Aggregate demand is defined as the total demand for finished products that is produced by a country. It is also called effective demand
In this instance aggregate demand will be a sum of demand for both computers and fighter jets. If the government decides to spend on fighter jets instead of computers, the aggregate demand will not change since it is total demand of both proucts.
Answer:
d overt collusion.
Explanation:
Overt collusion occurs when a group of companies collude to increase price of a commodity in a given market.
Competing firms secretly come together to gain control in a market in a similar way to a monopoly.
Overt collusion is a formal agreement between the companies involved.
This practice is considered illegal in the United Kingdom and European Union
Answer:
yes :)
Explanation:
wisdom comes from experience intelligence doesn't
