Answer:
What Is the Law of Supply and Demand?
The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases people are willing to supply more and demand less and vice versa when the price falls.
Explanation:
The law of demand says that at higher prices, buyers will demand less of an economic good.
The law of supply says that at higher prices, sellers will supply more of an economic good.
These two laws interact to determine the actual market prices and volume of goods that are traded on a market.
Several independent factors can affect the shape of market supply and demand, influencing both the prices and quantities that we observe in markets.
Answer:
Then 13% loss means Rs. 13x/100 is lost. ... or, (100x-13x)/100=1475 ... Then if the goods are sold for Rs. 1615 then there will be a loss of
Explanation:
Then 13% loss means Rs. 13x/100 is lost. ... or, (100x-13x)/100=1475 ... Then if the goods are sold for Rs. 1615 then there will be a loss of
Answer: fundamental attribution error
Explanation: Fundamental attribution error is the tendency of others to explain another persons behaviour based on personality or disposition and give little or no concern for other external factors such as situation surrounding the persons behaviour at that particular point in time.
According to the question, Dr. Mitchell's behaviour during lectures is far different to her behaviour when she is alone or with others. Due to her behaviour during lectures her students labelled her an extrovert when in actual sense she is an introvert. Her out going behaviour during lectures can be associated with her surrounding which is the lecture room and students while her personality is she like being alone reading.
