Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.
Given that Conrad's time of service delivery is slow, my advice to him would be that he has to address his quality and his service.
<h3>What is competitive advantage?</h3>
This term as it applies to the question has to do with the advantage that a business has over its competitors.
For Conrad to have this advantage they must try to serve their customers better and stop making them wait for too long.
Read more competitive advantage on here:
brainly.com/question/14030554
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Answer:
The correct answer is A and B
Explanation:
PPP stands for Purchasing Power Parity, which is a theory that states or define as the exchange rate among the currencies of 2 countries, which should be equal to the ratio of the price levels of the countries.
It is grounded on The Law of One Price, which states all the identical goods have the same price.
As the purchasing power of the currency which sharply decrease because of hyperinflation, that currency will be depreciated against the stable currencies.
It is called centrally-planned economy or command economy
