The event that will happen if he raised his price is If Kyle raises his price he will lose all of his customers. All of the people want to buy product who is low costing because they can save much money and they hate buying things that is so much expensive. The answer to this question is if Kyle raises his price he will lose all of his customers.
Answer:
An increase in taxes.
Explanation:
A rise in the prices is indications that the inflation rate is high. Policymakers should intervene by introducing contractionary measures that will counter the rising inflation. Fiscal policy measures, such as increasing taxes, reduce inflationary pressures without the risk of causing a recession.
Increase taxes reduces the purchasing power of businesses and individuals, thereby reducing the aggregate demand. A reduction in aggregated demand lowers production levels, which results in low inflation but increases the unemployment rate.
Answer:
B) False
Explanation:
One of the main characteristics of monopolistic competition is that many suppliers sell products that are different from one another, so they cannot be considered perfect substitutes. For example, restaurants usually operate under monopolistic competition since they all offer similar services but at the same time they are all different.
So if you like variety, then you should like monopolistic competition.
Answer:
The correct answer is smaller the resulting price change for increase or rise in supply.
Explanation:
Coefficient of price elasticity is the one which is defined as measuring or evaluating the elasticity of price of the demand in coefficient. In retaliation to the change or variation in the price, demand for the product could be inelastic, elastic, perfectly inelastic or the perfectly elastic grounded on the coefficient.
When the coefficient of price elasticity of demand for the product is larger, then it will result in the smaller price change for the rise or increase in the supply.
Compounding frequency is how often your interest is calculated and added
back into your account. The more frequently this happens, the more
interest you will earn.
