The answer is "$50,928".
<span>family spends yearly for living expenses = $48,000
</span><span>prices increase by 2 percent a year for the next three years
</span>So, future value = (1+0.02)³
=1.061
<span>amount family need for their living expenses after three years = </span>$48,000 x 1.061 = $50,928
A <u>shift </u><u>of</u> the supply curve represents a change in supply while a <u>movement </u><u>along</u> the supply curve represents a change in the quantity supplied.
Supply is defined in economics as the total amount of a specified product or service offered to consumers by a supplier at a specified time and price level. This is usually determined by market movements. For example, increased demand may prompt suppliers to increase supply.
In economics, supply is the number of goods that an individual or firm makes available in the market. This refers to the amount you are producing at a particular point in time. For example, if Apple made 100 of its iPhones, that would be the product to be launched. Supply can refer to the quantity available at a particular price or the quantity available across the price range displayed on the chart.
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Answer:
Tell a trusted adult and ask them what she should do.
Explanation:
Amanda is a blogger that writes about how she spending her time being a foreign exchange student.
As it is given that one day, one unknown man told that he enjoyed seeing her and looking forward to seeing her.
Since Amanda has no idea of that man she feels insecure so to protect herself, she talks to a person who she trusted and ask about the suggestion so that she came out through this situation with the hope that she can't see that man again in the future.
Answer:
Letter b is correct.<u> Build a relationship with the consumer and discover what the consumers' needs are.</u>
Explanation:
Analyzing the steps of a sales process, it can be said that Karina's next step in serving Heather would be to create a relationship with the client and discover her needs.
In order to achieve success in a sale, it is necessary for the salesperson to know the stages of the sales process well and to execute them in such a way that it is possible to understand the consumer's profile and find out what his needs and desires are, in order to offer the ideal product or service.
The creation of a relationship is important so that the seller can analyze specific characteristics of the consumer's profile, his wants and needs, it is important to be friendly, attentive and know how to argue, in order to make a good impression on the consumer and close the sale.
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
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