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AURORKA [14]
3 years ago
14

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

Business
1 answer:
NemiM [27]3 years ago
4 0

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.  

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.  

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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Which of the following is not a type of bank? A. Credit Union B. Online Bank C. Payday Lender D. Retail Bank
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Answer:

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c. Microsoft Project

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And this is the correct answer:

a. Gantter

Explanation:

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7 0
3 years ago
What is the primary responsibility of oversight bodies (such as an irb or iacuc)?
mojhsa [17]

The primary responsibility of oversight bodies (such as an IRB or IACUC) is to assess legal-regulatory compliance, and if applicable, to protect research subjects.

Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

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Three Categories of Responsibilities Every Business Owner Must Fulfil

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Responsibility is crucial because it gives people a feeling of purpose and helps society develop resilience in the face of hardship. Like an addiction, avoiding responsibilities may feel wonderful in the short run, but it results in misery and suffering that is tenfold worse in the long run.

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3 0
1 year ago
Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

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In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

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