Statistics deal with groups and aggregates only. (2) Statistical methods are best applicable to quantitative data. (3) Statistics cannot be applied to heterogeneous data. (4) If sufficient care is not exercised in collecting, analyzing and interpreting the data, statistical results might be misleading.
Answer:
The answer is: D) raise the price, reduce the quantity, increase total revenues, and increase crime.
Explanation:
According to the law of supply and demand, when the supply of any given product is artificially lowered, the supply curve will shift:
- this will cause the price of that product to increase
- the profit margin of the suppliers will increase, increasing total revenue
- since illegal drugs would increase in crime, we can expect an increase in the crime rate on drug related crimes (e.g. addicts robbing).
Answer
Hi,
Correct answer option is {c}
Explanation
There are four stages of solving problems at a workplace;
• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it
• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives
• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem
• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.
All the Best!
Answer:
a) decrease the quantity demanded
Explanation:
According to the law of demand, an increase in the price of a good reduces the quantity demanded for that good.
Answer:
In California, if the tip is included in the service charge, Anne's employer must pay taxes for them. The employer is required to pay for these taxes in California, not the employee. Even though tips are not part of an employee's wage, they are still taxable. This means that Anne must include the $51 in her AGI.
