Answer:
No, it is not a violation of the <em>law of demand</em>, hence why it is a "law."
Explanation:
During summer months, the demand for beach resorts increases. This is <u>different</u> from an increase in <em>quantity</em> demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.
It is best to draw a graph for these questions, and know your demand determinants.
Answer:
the answer is "D" Although "A" seems to be the favored method
Answer: True
Explanation:
An Oligopolistic market is one where the suppliers are very few in number. Cooperation is indeed difficult in such markets as they are motivated by self-interest to try to make more profits than their competitors.
This usually leads to an undesirable outcome. For instance, if two oligopolistic firms agree on a price to sell goods, one of them might decide to sell at a lower price in order to gain more market share. This will cause the other firm to reduce its prices as well which means that both companies would be worse off than when they started.
A you got this you are amazing you will do great
