Answer: True
Explanation: This quiz question explains the relationship between income and demand.
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. ... But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.
Answer:
The federal funds rate is the rate at which banks borrow money overnight. When the Fed wants to stimulate the economy, it will lower the short-term funds borrowing rate. In response, banks typically lower the interest rates they charge to consumers for a variety of loans.
An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.
Follow these three procedures to get the selling price per unit for your product: Determine the total cost of all the items you bought. The cost price is obtained by dividing the entire cost by the total number of units purchased. To determine the final selling price, use the selling price formula.
To learn more product, click here.
brainly.com/question/22852400
#SPJ4
His marginal cost curve is increasing, because the marginal benefit of each additional bag of seeds keeps going down and the costs continue to go up.
