Answer:
The correct answer is letter "A": in both statements I and II.
Explanation:
(I) According to the demand law, <em>if the price of tea increases the quantity demanded of tea will decrease</em>. If the price of tea decreases, the quantity demanded of tea will increase. Quantity demanded and the price has an inversely proportional relationship in the demand law.
(II) When talking about complementary goods like tea and sugar, <em>if the price of tea increases will result in a negative movement along the demand curve of tea and will cause the demand curve of sugar to move inwards. In such a scenario, the demand for each good will be reduced.</em>
Under the following acts firms usually support their employees;
- Complying with the Family and Medical Leave Act
- Establishing programs for elder care
- Developing child care programs
The employees need this kind of assistance from the firms as they cannot support their families financially.
In the first act like medical and leave act he can take leave suitable for medical purposes like the pregnancy with her wife. In the developed world these acts in firms are working while the developing states are still focusing on them.
Firms can rehabilitate the elders and provide them better and hygienic life, and they are facilitated by the services like gaming, etc.
For children, firms can provide them with good education and an environment for social development. Children could be facilitated by the sports and parks etc.
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Answer: <em>a. Multiplier = 3.33</em>
<em>b. Stimulation = $2000 billion</em>
Explanation:
In this particular case , it's given:
Marginal propensity to consume(MPC) = 0.7
Government spending = $600 billion
Therefore, we can evaluate the multiplier using the following formula:
Multiplier = 3.33
Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;
Stimulation = $2000 billion
Answer:
Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand
slope y=-225/8x+19275/8
y=1987.5
y=1903.125
Explanation:
A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand $111100 2,100 $13 2,020 1,980 1,875 $19 What type of model would best represent these data?
Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand
slope is
m=y2-y1/(x2-x1)
PICKING TWO POINTS
(11,2100) and (19,1875)
m=1875-2100/(19-11)
m=-225/8
as the slope
(11,2100). y=mx+b or
2100=-225/8 × 11+b,
solving for b: b=2100-(-225/8)(11).
b=19275/8.
(19,1875). y=mx+b or 1875=-225/8 × 19+b, or solving for b: b=1875-(-225/8)(19).
b=19275/8. is the intercept
y=mx+c is the equation of line graph
y=-225/8x+19275/8
when x=15
y=1987.5
when x=18, y=
-225/8(18)+19275/8
y=1903.125
