Answer:
c. increases the quantity of goods and services demanded.
Explanation:
According to the law of demand, there is an indirect relationship between demand and the prices for good or service. Should the price of a good or service increase, its demand will decrease. Demand comprises of the willingness and ability to buy.
A decrease in the price level will make the product affordable by more buyers. The market will afford to buy more of that product. The law of demand works together with the law of supply. The intersection of demand and supply curves determines the price of a product.
It is a the answer is yep it is A
<span>The correct answer is
False</span>
Explicit collusions are
not legal because they lead to cartel like behavior. This is because they
involve a situation where a small group of oligopolists recognize their mutual interdependence
and act to coordinate their behavior in the form of a cartel
When you create a list of references for a potential employer, it's important to make sure they are people who have worked with you in a professional setting. These references should not be family members or close friends who aren't really knowledgable on your work history or work ethics.
Answer: Both A and C
Explanation:
The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .
Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.
Both of the cases will decrease its profit.
