Answer:
a. As the price of milk decreases, the quantity of milk demanded will increase.
Explanation:
According to the law of demand, if the price of a commodity is increasing than the quantity demanded of a commodity is decreased, and if the price of a commodity is decrease than the quantity demanded of a commodity is increased.
It means that it shows an inverse relationship between the price and the quantity demanded of a commodity.
In this, only two factors are changed, and the other factors are being constant
Answer: Why is it advantageous to take market trends into consideration when planning a career path?
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Explanation:
Answer:
b.moral hazard
Explanation:
If a person borrow from bank to buy car but actually he borrow to pay lottery. in this case the person will face Moral Hazards.
Answer:
Fall or decrease
Explanation:
Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.
