Decrease the supply of chickens, raising the price of chicken, which will increase the demand for pork, a substitute, which will then increase the demand for chicken, further raising chicken prices.
Explanation:
General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of the macro economy as a whole, rather than as collections of individual market phenomena.
The theory of balance assumes the economy to be an interdependent social network which aims to show that all free markets inevitably push towards the overall balance.
General balancing evaluates the economy in the long term instead of examining the independent markets as a study of partial equilibrium.
Request and demand are offset or equivalent in general equilibrium.
Answer:
good government and economy
Explanation:
because when the inflation rises the item becomes high in termas of buying and when it's low inflation is helps the economy plus
The examples of firms and the goods they produce in the following market systems are:
Perfect competition- Foreign exchange markets.
Currency
Oligopoly - Auto Industry.
Cars.
Monopoly - Providers of water.
Water
Monopolistic competition - Restaurants
Food
Effective competition- Supermarkets
Wide range of products
<h3>What is Monopoly?</h3>
This refers to the situation where one business has total control of a market share and has no competition in the market.
Read more about monopoly here:
brainly.com/question/13113415
Bid bond guarantees that a construction contractor will enter into a contract.
Given that bond guarantees that a construction contractor will enter into a contract.
We are required to give the name of the bond that guarantees that a construction contractor will enter into a contract.
The name of the bond that will gurantee that a construction contractor will enter into a contract is bid bond.
A bid bond basically provides a guarantee that a winning bidder will take up the contract as per the terms at which they bid. A bid bond ensures a compensation to the bond owner if the bidder fails to begin a project. Bid bonds are basically often used in construction jobs or other projects that follow a similar bid-based selection process.
Hence bid bond guarantees that a construction contractor will enter into a contract.
Learn more about bid bond at brainly.com/question/26907335
#SPJ4
44.6% im doing a test and i just clicked this answer and it correct so you should write down 44.6