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Korvikt [17]
3 years ago
13

When the supplies are limited what happens to the prices

Social Studies
1 answer:
Deffense [45]3 years ago
7 0
I believe they go up because for supplies to be limited, people must be buying that product. So it makes sense once the products are limited, the prices will go up because either way the people are buying. Maybe even more now, more abundantly and faster because the product is limited.
You might be interested in
4. Which resource management activity identifies and verifies that personnel are qualified for a particular position?(A) Qualify
Tems11 [23]

Answer:

Option (C) Credentialing

Explanation:

Resource Management is the process which develop the resources of an organization in an efficient way to provide whenever required. The resources developed may contain  inventory, human resource, information technology,   natural resources and financial resources.

One of the activities of resource management is Credentialing.

Credentialing is the activity in the resource management that involves the activity of credentialing in order to verify that the qualified personnel has been identified and verified and is suitable for a particular position.

3 0
3 years ago
Jessica believes that she succeeds in high school because she works hard, earned a place on the basketball team because she prac
mr Goodwill [35]

Answer:B) An internal locus of control

Explanation:

As people we go through different situations and challenges but we differ in how we handle these situations and challenges. There are people who are able to hold on to a belief that everything is in our hands and we are in control of what happens in our life are referred to by psychologist as having internal locus of control.

Those who feel out of control , like things that happens to their life are beyond their control and they usually blame it on external factors , they have external locus of control.

Our locus of control can help us handle situations better and give us that power to influence things in our lives and not just give up. People will take charge of their lives if they feel they are in control just like Jessica does.

8 0
3 years ago
Supppose that the federal government places a binding price floor on coffee. To help support the price floor, the government pur
andrey2020 [161]

Answer:

A). It will decrease - 'the quantity of coffee demanded.'

B). It will increase - 'the quantity of coffee supplied by producers'

Explanation:

'Binding price floor' is demonstrated as the price greater than the equilibrium price set by the government to ensure that the prices of such products do not fall below a specific limit.

As per this definition, <u>the quantity of coffee demanded by the consumers will decrease while the quantity supplied(by producers) will increase if the binding price remains constant for several years</u>. This situation of decrease in the quantity demanded(due to hike in prices which is artificially made by the government) while an increase in quantity supplied(due to people reducing purchases as a consequence of hike in prices) which helps ensure a surplus in that good i.e. 'coffee' here.  

4 0
3 years ago
In negotiating conflict over scarce resources, the technique that includes an active search for alternative paths or creative so
forsale [732]

Answer: Intangible

Explanation:

Intangible in conflict resolution occurs when an active search for alternative paths or creative solutions to enlarge the amount, type, or use of the resources.

It is a form of back-up plan of the territory in case the negotiation fail or partially favorable.

7 0
3 years ago
A company with limited resources wants to compete successfully in a rapidly changing environment against larger, more establishe
LuckyWell [14K]

Answer:

Human capital

Explanation:

The answer is --

Human capital

           A company with limited resources and facing large competition in the market can excel and establish their business by properly training their human capital.

           Human capital or workforce is the most important and priceless asset of any organisation. It is the human capital that makes or breaks a organisation. Proper training programs to the employees and encouraging them and giving other facilities will help the organisation to achieve success in business.

          Human capital is the store house of skills and knowledge which can be used to used by the organisation to achieve its goal.

Thus the intangible asset of a company is -- "human capital".

8 0
3 years ago
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