When a shortage exists in a competitive market, the price provides incentives for Buyers to decrease the quantity of a good or service purchased to the market.
More about shortage:
In terms of economics, a shortage occurs when there is a discrepancy between the amount supplied and the quantity sought at the going rate.
Three factors primarily contribute to shortages: rising demand, falling supply, and government action. The term "scarcity" ought not to be confused with "shortage" as it is used in economics.
Command economies experience higher shortages. Here, the government refuses to let the forces of supply and demand determine the price of a good or service on the open market.
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Answer:
The correct answer is D. $5,000
Explanation:
Please remember that 3 inputs we need to remember when it comes to depreciation expense calculation is (1) Original cost, (2) Salvage value & (3) Expected useful life.The annnual depreciation expense is caluclated as below:
Depreciation expenses = (Original cost - Salvage value)/Expected useful life
Putting all the number together, we have:
Depreciation expenses = (25,000 - 0)/5 = 5,000.
So the correct answer is D. $5,000
The decision by Starbucks to eliminate plastic straws by 2020 is an example of Green Marketing.
<h3>What is Green Marketing?</h3>
Green marketing is the process of promoting products or services based on their environmental benefits. It is the practice of advertising products or services as environmentally safe.
Green marketing affects positively the health of people and the ecological environment. Here, people are aware of products and methods of producing and disposing the products. It encourages integrated efforts for purity in production and consumption as well.
Therefore, the decision by Starbucks to eliminate plastic straws by 2020 is an example of Green Marketing.
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Answer:
Flextime
Explanation:
Based on the information provided within the question the design that is being mentioned is called Flextime. Like mentioned in the question this is a design to the work schedule that allows the employees of a business to change their workday schedules by adjusting their start and finish times. Which motivates the employees to want to work more hours as they can work the times that best fits their social hours.
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