Answer:
a. True
Explanation:
This statement is true as a norm is a widely accepted behavior or standard of doing things that <em>most people</em> in a society/group agree with. '<em>Over half of the group' </em>can be considered as a majority . It is basically an informal guide on what is considered correct or incorrect and is about the behaviors of that aforementioned group.
<u>Answer:</u>
Supply has expanded by more than request has expanded. The mechanical development in PC chips has prompted a gigantic increment in quantity; all that anyone could need to balance any upward weight on cost because of the demand increase.
When a value floor is set over the balance value, the amount provided will surpass the amount requested, and an abundance supply or surpluses will result. At the point when government laws manage costs as opposed to letting business sector powers decide prices, it is known as value control.
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
Answer:
Customers will less likely agree to pay high price for an experience good
Explanation:
Once a firms reputation is ruined or tarnished, a great number of customers will naturally lose trust as regards products from that firm. Most customer would not want to gamble with their money even with the slight increase in interests rates, it is expected that a firm should always deliver quality product on a consistent basis. Inconsistency in product quality will lead to a reduction in customer trust and overtime, customer base in general.
