Which of the following is consistent with the law of supply:
1. The price of a good falls and its supply decreases.
2.The price of a good rises and its quantity supplied decreases.
3.The price of a good rises and its supply increases.
4.The price of a good rises and its quantity supplied increases.
As the price of a product goes down, the quantity supplied goes up. As the price of a product goes up, the quantity supplied goes down. As the price of a product goes down, the quantity supplied goes down. As the price of a product goes up, the quantity supplied stays the same.
I believe the answer is C but not 100% sure
The Shang Dynasty was sometimes referred as Young Dynasty
hope that helps!!!
one advantage to this philosophy is that businesses faced fewer government rules and regulations. this allowes businesses to do many things. often rules and regulations add tothe costs that business faces. sometimes, rules and regulations make it harder to do business activities. when businesses have fewer rules and regulations they are generally willing to take more risks and to invest in the economy. with fewer rules and regulations, businesses have a big incentive to try to maximize profits.
a disadvantage of this policy is that businesses may engage in risky behaviors that could lead to future economic problems. in the 1920s, there were few rules and regulations on banks and on the investiment industry. to much money was being loaned to individuals and people could buy stocks woth only a small down payment. banks were also free to invest in the stock market. when the stock market crashed, many people and banks were financially ruined.
Answer:
See the explanation below.
Explanation:
Great depression was started in 1929 and it's negative effect lasted till the beginning of 2nd World War. During this period global GDP fell by around 15 percent. It's intensity can be estimated from the fact that during Great recession of 2008-2009 the global GDP fell by around 1 percent only. Great depression was marked by steep in the industrial production and price deflation.
Major causes for the Great depression of 1929:
- Fall of stock market led to loss of confidence in economy which hence reduced the investment and spending.
- Banking panic caused many banks to fail which in result reduced money supply.
- Imposition of steep tariffs on industrial and agricultural caused global trade to shrink.
Result of Great depression was that around 20 percent banks failed by 1933, unemployment rate reached more than 25 percent, Industrial production declined to around 50 percent and GDP fell near to 30 percent.
Recovery of United States economy was majorly led by government spending on social welfare program along with currency devaluation and spending during the 2nd World War.
I hope this will help.
