<span>This is false. An increase in demand is more major than an increase in quantity demanded. Quantity demand refers to the demand of a product at a particular price and is only a movement on the demand curve. An increase in demand would cause the demand curve to shift which is more major than a movement and it encompasses the entire relationship between price and demand.</span>
A vocational school<span>, sometimes called a </span>trade school<span> or </span>vocational<span> college, is a type of educational institution, which, depending on country, may refer to secondary or post-secondary education designed to provide </span>vocational<span> education, or </span>technical <span>skills required to perform the tasks of a particular and specific job</span>
Answer:
Continuous manufacturing organisation
Explanation:
Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.
This is so called because the materials inputted in the production process is in continuous motion as it moves through the production line.
The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar
Answer:
C
Explanation:
Money neutrality is a theory which submits that money supply only affect nominal variable and not real variables.
Nominal variables include price, wages and exchange rate
real variables include employment and real GDP
Money is only neutral in the long run and not in the short run because of money illusion. Money illusion causes economic agents to respond to money supply changes.
Money is neutral only in the long run
Answer:
The correct answer is B. The law of demand states that quantity demanded will vary inversely with the price of the good.
Explanation:
The law of demand states that the value of demand decreases as the price of the product increases, that is, between the value of demand and the price there is an inverse relationship, therefore, an increase in price causes a decrease in demand, and a decrease in price causes an increase in demand.
Therefore, manufacturers who have decided to produce more should know that an increased number of goods can only be sold at a lower price.
The quantity of goods purchased depends on the price as well as on the average income of the buyers, the size of the market, the price and usefulness of other goods, including substitutes, subjective tastes and preferences of buyers.