The movement from point B to point A is due to the price that companies can charge for the product decreases. Therefore the 3rd option is correct.
<h3>What is supply?</h3>
Supply is the economic concept which refers to the availability of the products and commodities in the market in order to satisfy the needs of the consumers.
According to the Graph, The prices of the commodity is decreased from $20 to $5 and output is also decreased from 200 units to 100 units which implies the decrease in the prices of the product which further implies the decrease in the level of supply.
Therefore the 3rd option is correct.
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The answer is A. Vocational Schools
Answer:
The proportion of people in your sample whose response is yes=40 people
Explanation:
<em>Step 1: Determine the statistical proportion that will say yes</em>
Proportion=40%=40/100=0.4
<em>Step 2: Determine the proportion in the sample that will say yes</em>
The proportion in the sample can be expressed as;
P=S×Z
where;
P=proportion in the sample
S=statistical proportion
Z=sample size
In our case;
P=unknown to be determined
S=40%=40/100=0.4
Z=100
replacing;
Proportion in the sample=0.4×100=40
The proportion of people in your sample whose response is yes=40 people
Answer:
a natural monopoly
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.
On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.
Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.
Answer:
True
Explanation:
statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.
The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.
