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amid [387]
3 years ago
11

How does a rise in the “general price level” differ from the increase in the price of one good?

Advanced Placement (AP)
1 answer:
Alex_Xolod [135]3 years ago
6 0

Answer:

A rise in the general price level would much more bigger than an increase of the price of one good.

Explanation:

The general price level is the overall average price of all goods and services. An increase of one good is just an individual that is part of the general price level.

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gizmo_the_mogwai [7]

Answer:

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4 0
3 years ago
Suppose the Quantity Demanded is 100. What must the price be?
Marina86 [1]

It should be noted that demand is an economic principle that refers to a consumer's desire to purchase goods and willingness to pay a price.

<h3>What is a demand?</h3>

Your information is incomplete. Therefore, an overview of demand will be given. It should be noted that what a buyer pays for a unit of the specific good or service is the price while the total number of units purchased at that price is the quantity demanded.

Based on the information given, you can use the demand formula, Qd = x + yP, to find a demand line where Qd represents the number of goods demanded, x represents the quantity and P represents the price.

Learn more about demand on:

brainly.com/question/25585026

7 0
2 years ago
1. Which of the following describes a demand schedule?
NikAS [45]

1)d. The quantity of a product that consumers are willing and able to buy at each unit price

2)C. The product has a lower price

3)c. The quantity demanded for chips will decrease and the demand for salsa will decrease.

4)I didn't understand your question about this one but I can explain the graph:-)

according to this diagram

the supply curve has shifted backward i.e supply is decreased so, with the decrease in supply the price of good increases and as a result of increased price the quantity demanded decreased.

5)B. Average consumer income has decreased, with Good A being an inferior good. ( because as you can see in the diagram that demand for good A is increased)

demand for inferior goods increases with the decrease in income. For example: if your income decreases you'll start travelling from bus instead of train.

6)B. Stacy wanted ice cream a bit more than a cupcake but chose the cupcake when the price of ice cream increased.

8 0
3 years ago
Can a spoken dialect reveal any information about an individual's cultural background? Why or why not? Provide examples.
Rashid [163]

Answer: Don't know sorry

Explanation: Have a nice day :)

8 0
3 years ago
Solve for x 3x x4= 5x
Dmitry [639]
X=0 i think. I just put it in the calculator
4 0
4 years ago
Read 2 more answers
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