Answer:
A quantity demanded of spaghetti sauce decreases, and the quantity of spaghetti sauce that firms want to supply increases.
Explanation:
A price floor is usually set by a government or an agency of the government. It is the lowest price that can be charged for a good or service. For a price floor to be effective, it should be higher than the equilibrium price.
If the equilibrium price is $3 and the price floor is $4, the quantity demanded falls because spaghetti sauce becomes more expensive. This is according to the law of demand which says the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The quantity supplied increases when the price floor is set to $4. This is according to the law of supply which states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
A price floor leads to a movement along the demand and supply curve and not a shift.
I hope my answer helps you
Answer:
a) Informational
Explanation:
The company is using informational appeal in its advertisement to convince the buyers that they need the product and shows how it works. . This type of appeal informs customers of the features, quality and benefits of a product. The demonstration of how the blades work helps the potential customers to make a rational decision as it it portrays that the blades' function of the providing the closest shave is what they need.
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
Answer:
The correct answer is letter "D": Everybody faces trade-offs.
Explanation:
Trade-offs are closely related to the scarcity problem. Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently. There is when <em>individuals </em>have to sacrifice one need or part of it to fulfill a major benefit. Trade-offs are experienced in that case and not only individuals but also, <em>companies </em>and <em>governments </em>deal with these situations.