Answer:
The correct answer is: increase; decrease.
Explanation:
According to the demand theory if the price of a good increases the quantity demanded decreases. If the price of the good decreases, the quantity demanded increases. We can say then that the relationship between the price and the quantity demanded is inversely proportional.
In that case, if peanut butter and jelly are usually sold together and the price of jelly increases, so will the price of the peanut butter. Thus, the quantity demanded of both the peanut butter and jelly will decrease.
Answer:
the labour forces can be divided like
resource gathers
finance department
marketing department
hygiene development department
Answer:
1. 86.7%
2. 2244.4
Explanation:
The computation is shown below:
1. The new 4 firm concentration ratio after entry is
= Total mix share of 4 largest firms
= 30% + 30% + 13.33% + 13.33%
= 86.7%
2. Now HHI index is
= sum of squared shares
= 30^2 + 30^2 + 13.33^2 + 13.33^2 + 6.67^2 + 6.67^2
= 2244.4
Hence, we applied the above values so that each part could be determined
Answer:
A. Gross Domestic Product
Explanation:
The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
Gross domestic product can be calculated in 3 ways:
1. Expenditure approach
2. National output
3. National income
Expenditure approach = Consumption spending by households + Investment spending + Government Spending + Net Export
I hope my answer helps you
