The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
Pretty sure it’s artisan correct me if I’m wrong
Answer:
The reciprocity norm
Explanation:
The reciprocity norm is also called the rule of reciprocity. It is the norm in the society where if you do something for someone then it has been expected to get return the same favor from another person. You feel obligated to do the same in return to the person. This principle is applicable in marketing because marketers use several strategies to convince the customer so the customer can purchase their products. There are some direct strategies such as sales, coupons, discounts, etc. Some have been using psychological tricks that normal person not aware of about that.
The correct answer is A) procedural due process.
The procedural due process protects people from arbitrary government interference with their life, liberty, or property rights.
We are referring to an important clause called the Due Process that is part of the 5th and the 14th Amendment to the United States Constitution. This means that the government will not deprive any United States citizen of its life, liberty or property, basic rights stated in the Constitution. If the government would act against these rights of a person, it has to notify the individual so it can be heard in court and have a fair trial.
