Answer:
Consumer Goods means
<h2>goods bought and used by consumers, rather than by manufacturers for producing other goods.</h2>
Explanation:
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Answer:
They will initially increase their purchasing and stock up on the product
Explanation:
Tax cuts would increase the disposable income of the people. As a result of the tax cut, demand would increase and the demand curve would shift to the right.
If the tax on a good were increased, the good would be more expensive and consumers would find a substitute for the product and purchase that instead or will stop purchasing the product and wait until the price comes back down.
I hope my answer helps you
Answer:
Statement is false.
Explanation:
Equilibrium price only exists when the economic forces are balanced. It means when the supply and demand of any commodity is equalized, the price at that stage is called equilibrium and market price.
This is why, the above statement is false because when supply is greater than the demand, price cannot be on equilibrium.
Answer:
a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.
Real GDP this year using last year as the base year is
B) $700
Explanation:
- Last year, 10th DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is $700.
- Gross Domestic Product (GDP) is the monetary value of all finished goods and services made in a country during a specific period of time.
- The Gross Domestic Product calculates the real value of economic activity within a country.
- GDP is a number that shows the net worth of the output of a country in local currency.
- It represents the value of all goods and services produced in a specific time period within a country's borders.
- Gross domestic product (GDP) is the total value of everything produced in a country.
