Answer:
Social clock
Explanation:
The social clock refers to expectations set by society on preferred timings of accomplishing life milestones such as finishing school, getting married, having children etc. For example, because many students graduate from college by the age of 22, Manuel will feel pressured because he will complete college past the average completion age in society. This situation illustrates the social clock.
Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.
Explanation:
The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.
For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.
D. The consumer violates completeness.
I hope this helps.
Answer:
quantity demanded increases as prices decrease
Explanation:
Demand is the volume of a product that consumers are willing to buy at the market place at a given price over a given time. The demand curve is a graphical representation of the relationship between the demand and the product's price. It shows how quantity demanded increases as prices decrease. The demand curves illustrate the law of demand.
The demanded curve slope downwards with the prices plotted on the Y-axis while the quantity demanded is on the X-axis. Movement along the slope illustrates how quantities change at different prices.
