The balance between supply and demand is known as the market equilibrium.
The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.
This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.
This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.
However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.
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Answer:
The correct answer is:
True
Explanation:
The business cycle is a model that let see how the GDP of a country changes through time. Business cycle is classified in four different stages peak, trough, contraction, and expansion. These kind of fluctuations normally occur in the trade, production and all the economic activity of a country. The business cycle refers to the changes or fluctuations that can be experienced in the economic model measured by the GDP (Gross Domestic Product) and it is reflected in the increases or decreases in economy.
Answer and Explanation:
1) EHR System which helps in capturing the functionalities and and check for required informations
2) Online Tool for notifying the doctor about the status pf the patient
3) Interactive health records
4) Computerized physician entry of orders (CPOE)
Benefits of centralized system are as follows:
1) IT gives a lower hardware expense
2) Improves the productivity of the IT Staff
3) Enhances the purchasing power
4) Meets the industry regulations
5) Information flow is properly maintained.
The cost of the system would be with respect to the tools to be used and the broadness of the network.
Answer:
b. website layout
c. email marketing
Explanation:
The website layout is the layout i.e created for a website. It should be attractive to the owners and users. Moreover it should be easy to navigate it so that if anyone could access to the website he or she could easily access it without any hurdle.
The email marketing is a technique in which we can send one message to large audience in the same time. It helps in saving cost and time
According to the given situation, the online customers struggled with website navigate and to find out the contact information related to the business
So to modify and help address her customer feedback the website layout and the email marketing plays a vital role and the same is to be considered
Answer:
c. short-run average total cost is typically above long-run average total cost
Explanation:
In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run
Therefore as per the given situation, the option c is considered
