Answer:
Crayon.
Explanation:
A crayon is known to be a kind of stick like pencil, but made of called wax, and it is useful for painting.
It is known that that the first crayon which looks like the modern crayon was made in Europe. And it was initially or originally made then out of the mixture of charcoal and oil. But now, the charcoal has since been replaced by various pigment and the oil been replaced by wax. This because the wax provides a better and stronger writing stick and it is easier to work with.
It should be noted, that crayon is used for writing and drawing, and its invention can be dated back to 18th century.
<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Answer:
Comm as Transaction
Explanation:
Comm as Transaction -
It is the method of communication , where there is simultaneous exchange of message or information between the sender and the receiver, is referred to as comm as transaction.
In this method , the receiver and the sender , both are called the communicators , and the role of the of the sender and receiver change as the conversation starts .
Hence, from the given scenario of the question,
The correct term is Comm as Transaction .
An organization founded for a religious, education,professional of social purpose.
