All categories

3 years ago

What will be the effect of demand of a paraffin if the its price rises?

1 answer:

6 0

In an economic market system, where there is competition, the supply and demand of a good or service determines the price and vice versa. Thus, in situations where the price increases, the quantity offered tends to increase, because the offerers have a higher profit perspective. On the other hand, demand tends to decrease, as consumers perceive the price increase and decrease the demanded quantity. Conversely, in situations where the price goes down, consumers have a spur to buy more, but the bidders tend to shrink the amount offered because their prospects for profit diminish. If market mechanisms prevail, the economy tends to find an equilibrium price at which the supply and demand for paraffins will be equal.

You might be interested in

John Lewis’s Speech Guiding Questions NOTE: SNCC stands for the "Student Nonviolent Coordinating Committee, a civil rights organ

Dima020 [189]

Answer:

1. Who wrote this document?

Many members of SNCC helped write the document

Where was it delivered?

It was delivered in Lincoln memorial in Washington DC.

Who was the audience?

The audience was an estimated 250,000 civil rights marchers gathered around the Lincoln memorial in Washington.

2. When was the speech delivered?

The speech was delivered on August 28, 1963.

Is this before or after Kennedy’s speech? It was after Kennedy's speech on civil rights in June 11, 1963.

3. According to Lewis, what was the problem with Civil Rights Act?

The civil rights Act was Partial

Explanation

The Civil Rights Act did not protect the black men as well as young children and old women from police brutality, arrest on trumped up charges and right to engage in peaceful protest.

The voting section of the act did not make provision for thousands of black people who want to vote.

The act also did not provide for better wages and working conditions for blacks

7 0

3 years ago

According to social judgment theory, the_______________ is the person's actual or preferred position.

kirill [66]

According to social judgment theory, <u>the judgmental anchor</u> is the person's actual or preferred position.

A framework for studying human judgement is called social judgement theory. It is a meta-theory that guides study on cognitive perspective, or how one interprets the world. A contrast effect is likely to occur when a stimulus is further from one's judging anchor, while an assimilation effect may occur when the stimulus is close to the anchor, according to the underlying psychophysical principle.

The social judgement theory represents an effort to apply the findings and psychophysical principles of judgement to social judgement. SJT is a theory that primarily concentrates on a person's internal processes of their own judgement in relation to the relation inside a communicated message, using the person's chosen viewpoint as the judgmental anchor. The idea was to describe the conditions under which persuasive communications had the best chance of working.

To learn more about social judgment theory here,

brainly.com/question/15118669

#SPJ4

4 0

2 years ago

What factors are evidenced by a country's G.N.P. How?

Zanzabum

Answer:GNP can be calculated by adding consumption, government spending, capital spending by businesses, and net exports (exports minus imports) and net income by domestic residents and businesses from overseas investments.

Explanation:

3 0

3 years ago

Which of the following instruction formats uses arrows, boxes, and a small amount of text to express actions, events, or decisio

shtirl [24]

The instruction formats that use arrows, boxes, and a small amount of text to express actions, events , or decisions is :
Flow chart
Flow chart usually used to described the movement in a complex system or activities

hope this helps

5 0

4 years ago

Read 2 more answers

Apples are which factor of production

klasskru [66]

Land, label, capitol, and entrepreneur

3 0

3 years ago