<span>It definitely would be bad for most people. It would increase the price on a very common item that the majority of the population consumes and that would be harmful to the economy in an important aspect of the economy. It might also even limit the diversity of flavors and brand innovation.</span>
Answer:
Explanation:
Gunnar Company September 30 Cash balance per books $2,750
Add:
Notes receivable $630
Less:
Deposit in transit. $200
Bank charge. $50
Outstanding Checks. $1,250
NSF Check. $290
Balance as per bank. $1,590
Answer:
The answer is monopolistic competition.
Explanation:
Monopolistic competition refers to a market type where there are several producers who sell the same type of products, but differentiated from one another; thus making their products unable to be substituted for one another. This is the case in the scenario at the question; though there are multiple companies producing natural and artificial flavorings, due to the different in how they taste, each company’s product cannot be substituted with one another’s.
Answer:
True
Explanation:
Exceptionally good weather will guarantee a good yield in crops. This will lead to an increase in supply of produce to the market, and when supply increases, the supply curve shifts to the right.
This is simply because there are more products and more sellers, and this will result in more supply.
<span>The main economic activity in most low-income countries is agriculture. Agriculture refers to breeding </span>animals to provide food and farming for different type of food and fiber. Those that live and work in low-income countries do a lot of farming to feed and produce items for their economy.
