Full question:
Which of the following will have no impact on the demand for ice cream in the short run?
A) A change in population size
B) A change in the price of ice cream
C) A change in seasons
D) A change in consumer preferences
E) A change in consumer incomes
Answer:
B) A change in the price of ice cream
Explanation:
The price of products are often fluctuating to either direction. Sometimes it can increase and sometimes it can decrease. This is why the consumers generally have a slow reaction on price changes. it is not likely that a person will change their consumption behavior because of a slight price change.
But, if the change in price keep heading in one certain direction (if the price is continuously falling or continuously rising), then the change in demand would be more substantial in the long run.
Answer:
No, he didn't.
Explanation:
To put in a little bit of context, Euclid was known for Compiling the works of previous mathematicians and gather it into series of books that he published. With the hope that future generations could get a head start in mathematics without having to redo all the researches from the start.
But, he mentioned that he didn't recorded all mathematical discoveries because of these two reasons:
1. He publicly stated that all discoveries should be proven with scientific methods. This concept hasn't been generally accepted by the people in his time, even among the sciences community. There are several occurrences where theories are written without having sufficient evidence and only rely on deities. He eliminated such theories from his collection.
2. Unlike today, it is extremely hard for mathematicians to gained recognition. There were many brilliant people who made discoveries at that time, but not all of them are recognized by the mass. Making their discoveries left uncovered as they met their death.
GDP (gross domestic product) is supposed to indicate economic health because it is supposed to rise when wealth is being created.
Option: C
Explanation:
Gross domestic production and Gross national product both are important from economic growth point of view. Economic health of a country is determined by the status of demand, supply and moreover price structure. All these phenomena is interlinked and affect GDP and GNP.
If a country's gross domestic production rate increases then its national income level will also increase. Therefore. a country's wealth is the very basic base of creation of perfectly structured GDP and GNP. Strong wealthy nation comprises firm production level.
The correct answer would be A. Male citizens are more likely to vote than female citizens. I hope this helps you out!
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