The correct options are as follows;
1. DIRECT.
Supply refers to the quantity of a product that a producer is willing to bring to the market. The higher the price of the product in the market, the more the producer will be willing to produce more product. For instance, if a product is been sold for $20 in the market and the price now increase to $50, the producer will prefer to produce more of that product in order to increase his profits, he will not be willing to produce another product that its price is lesser than $50. Thus, the higher the price, the more the quantity supplied; this shows a direct relation between price and quantity supplied.
2. UPWARD SLOPING.
The supply curve is a graphical representation that shows the relationship that exist between the price of a commodity and the quantity the supplier is willing to supply. The graph move upward from left to right [Upward sloping], thus showing that as the price is increasing, the quantity supply too will increase.
Answer:
D) All of the above
Explanation:
This theory was created by the Austrian School in order to explain and understand the market growth based on the credit increase proposed by bank institutions (a central bank). In other words, this theory arguments that the economic cycles, especially financial crisis and recession, are caused by the "creation" of the money. How this money will be used and the result of this application is the central concern of this theory.
Another term for air movement caused by differences in air pressure is:
WIND
Answer:
In the early nineteenth century, political participation rose as states extended voting rights to all adult white men. During the 1820s, the Second Party system formed in the United States, pitting Jacksonian Democrats against Whigs.
When a good’s price is lower, people will buy more of it. Confirmed 100%
