Supply refers to the amount of the good or service able to be supplied. Demand refers to the public’s want of the said good or service. Supply and demand are interconnected because if the supply is low, the demand will be high and the price will rise. If the supply is high, so there are many of the said item or service, then the demand won’t be as high since there is a surplus in supply which leads to lower prices to entice consumers to buy still.
Answer:
Fans might display a hindsight bias in the aftermath of a loss by claiming to have seen signs that the team would lose. Hindsight bias involves the tendency for people to perceive events that has already occurred as having been more predictable than it actually was. The fans may claim that they knew all along that the defeat was coming after such an impressive run of wins.
Some fans would blame to defeat on over confidence, citing that the team was to overconfident in their approach to the game having been a a good winning streak. They may point out that the overconfidence of the team led to them under rating their opponents which led to the defeats.
Lastly, fans might perceive the loss as the necessary outcome of a pattern (or a violation of a pattern) when, in fact, it was down to random events. The fans may claim that sooner or later the defeat would come after having one so many games in a role.
The drawee is a lawful and investment term used to define the party that has been focused by the depositor to pay a definite amount of money to the individual presenting the payment. A classic instance is if you are encashing a paycheck. The bank that cashes your check is the drawee, so in this case Southern Rock is the Bank is the drawee and the employer is the drawer.
Answer:
$21,435.74
Explanation:
Marko will pay as much as the discounted present value of the cash flow:
Maturity $5,000.00
time 1.00
rate 0.14000
PV 4,385.9649
Maturity $9,000.00
time 2.00
rate 0.14000
PV 6,925.2078
Maturity $15,000.00
time 3.00
rate 0.14000
PV 10,124.5727
We add them together and get the total price for ABC Co
![\left[\begin{array}{ccc}#&Cashflow&Discounted\\&&\\1&5000&4385.96\\2&9000&6925.21\\3&15000&10124.57\\&total&21435.74\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%23%26Cashflow%26Discounted%5C%5C%26%26%5C%5C1%265000%264385.96%5C%5C2%269000%266925.21%5C%5C3%2615000%2610124.57%5C%5C%26total%2621435.74%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
