Answer:
B. represents the sum of the quantities demanded by all the buyers at each price of the good
Explanation:
The market demand curve is found by horizontally adding the individual demand curves.
The market demand curve slopes downward.
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Answer:
Present Value= $14,285.71
Explanation:
Giving the following information:
You are thinking of building a new machine that will save you $1,000 in the first year.
The machine will then begin to wear out so that the savings decline at a rate of 2 % per year forever.
Interest rate= 5%
We need to use the formula of a perpetual annuity. Because of the wear out, we need to sum it to the interest rate the 2%
PV= Cf/(i-wear put)
PV= 1,000 / (0.05 + 0.02)= $14,285.71
The market consists of those with unmet needs and wants who are able and willing to purchase things.
ABOUT MARKET
market, a system whereby commodities and services are exchanged as a result of the presence of buyers and sellers in contact with one another, either directly or through institutions or intermediary agents.
In the strictest sense, markets are locations where goods are bought and sold. The market, however, is no longer a physical location in the modern industrial system; rather, it has grown to encompass the entire geographic region in which vendors compete with one another for clients.
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Answer: The options are listed below:
A) upward-sloping aggregate demand curve.
B) downward-sloping aggregate supply curve.
C) long-run vertical aggregate supply curve.
D) short-run upward-sloping aggregate supply curve.
The correct option is C.
Explanation: The degree to which the rising and falling of price level affects the quantity of output demanded is shown by the upward or downward sloping of aggregate demand curves.
The relationship between the price level and the quantity of production of goods and services is shown by the long-run and short-run aggregate supply curves.
The short-run upward-sloping aggregate supply curve will illustrate the idea that the quantity supplied of a commodity increases when the price rises.
While the long-run vertical aggregate supply curve will show the beliefs of economists that in long-run, it is only the labor, capital and technology that can affect the quantity of final goods and services that one economy can produce.