Answer:
The equilibrium price falls and quantity increases
Explanation:
When the supply of food rises without a corresponding increase in demand , there would be an excess supply.
When there's excess supply, prices fall and the quantity produced rises.
I hope my answer helps you
Answer:
A Recession happened.
Explanation:
When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.
The rule of 70 states that the doubling time or the time
required to double an investment is equivalent to 70 divided by the interest
rate. So in this case the interest rate is 7%, so the doubling period is:
doubling period = 70 / 7 = 10 years
Therefore the investment doubles every 10 years. So:
0 year = $100
10 year = $200
20 year = $400
30 year = $800
40 year = $1600
50 year = $3200
Answer:
<span>$3200</span>
Answer:
affiliate marketing
Explanation:
When someone searches for a company' s product he or she enjoys , promote and sells such product and earns bonus or profit, it is called affiliate marketing. It is a situation whereby one(affiliate) earns a comissiom by promoting another company' s product.
Affiliate marketing is mostly done on the internet . Affiliates identify themselves with a brand they enjoy and then refer people to patronize it. By so doing, they earn a commission on every sale they make on behalf of the company.
Although some people(affiliates) goes to the extent by having a blog to promote a company' s product, one can start by just advertising the product
which will eventually leads to sales and then earn comission.
