Well, an expansion is when simething rises and gets larger. The prices and wages expand. They get larger.
~Silver
Answer:
d. horizontally summing individual supply curves.
Explanation:
Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.
Based on the above, option d is the correct answer.
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<span>Categorical variables are the variables that are names or labels of any product. The color of a ball or the breed of an animal etc. Here, the type of beverage sold is the name of beverage and so, it is a categorical variable.The nominal type differentiates between items or subjects based only on their names or some qualitative criteria. Since the type of beverage is differentiated by name, it is a nominal scaled variable.</span>