Answer:
All of the following can change the supply curve EXCEPT: C a change in consumer tastes for the product.
Explanation:
New technologies, such as more efficient or less expensive production processes, or a modification in the number of competitors in the market have resulted in a change in supply.
The imbalance in the market is due to a change in supply leads in the supply curve and can be corrected by altering prices and demands. The main dissimilarity is that an alteration in supply is not to be confused with an alteration in the supplied quantity.
The first one results in a shift in the entire supply curve, while the second one results in movement along the existing supply curve.
Main factors that affect the supply curve are:
- Number of sellers
- Expectations of sellers
- Price of raw materials
- Technology
- Other prices
It was the invention of the cotton gin.
Answer:
Early in his reign, he was very brutal and felt quite guilty of how he behaved. He became a Buddhist, and practiced ahimsa (not hurting other living things).
They spelled out the rights and privledges of all the citezens
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Answer: B) Command</h3>
For instance, the government sets prices of all goods in a command economy and they also set the production level (ie how much of a certain item to produce).
A traditional economy is based on the culture and often uses the barter method. A market economy uses currency instead of bartering, and the prices are determined by market forces (ie the people in the market). A mixed economy is a combination of command and market.
An example of a mixed economy is the United States where free market forces determine prices though there are government regulations set up to ensure the economy doesn't go south, and to ensure fair trade practices are followed.
