The law of supply states that all other factors are equal, as the price of a good or service increases, the number of goods or services that suppliers offer will increase, and vice versa.
- If the production cost is high people will tend to shift toward another seller who is selling the Same good at a much lower price
- When the production cost will increase the other factor will also change and will affect the supply
- The presence of another seller will make a more competition between two sellers to earn more profit which may lead to an increase or decrease in the price of the good
- The number of suppliers
- The state of technology
- Government subsidies
- Weather conditions
- The availability of workers to produce the good
Hence it can be concluded that the Law of supply and demand are invisible hands in the market process which lead to inflation or deflation
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Answer:
Explanation:
Who is the speaker of house of representatives?
Nancy Pelosi
What is their job?
The Speaker of the House is responsible for administering the oath of office to the Members of the U.S. House of Representatives, giving Members permission to speak on the House floor, designating Members to serve as Speaker pro tempore, counting and declaring all votes, appointing Members to committees, sending bills etc.
Are they head of the legislative branch?
Yes they are the head of the legislative branch.
I believe it’s increase but I’m not sure
Quota sample refers to a prescribed number of people in each of several categories who are identified and interviewed by the researcher.
<h3>What is
Quota sample?</h3>
Quota sampling can be described as the method for selecting survey participants so that they can be part of the research for best result and this is regarded as the non-probabilistic version of stratified sampling.
In this case , it should be noted that Quota sample refers to a prescribed number of people in each of several categories who are identified and interviewed by the researcher.
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Whats the highlighted lines? Could you comment them
