Yes, this is correct.
Crucially, this is only the case if everything else stays equal: so if the quality of the product stays the same and if the income of the buyers doesn't decrease.
Then with a lower prize, more items will be purchased - and less if the prize increases.
It is false that M-3 is money that people can gain access to quickly and easily to pay for goods and services. That would be M-1.
M-3 refers to stocks, bonds, mutual funds, etc.
Answer:
1. Forests provide jobs and incomes
2. Forests are vital to our health
3. Forests give us oxygen
4. Forests slow down global warming
5. Forests purify soil, water and air
Answer: I believe it was weaponry, called Beecher's Bibles. I may be wrong but I'm also very positive.
Explanation: The settlers weren't allowed weaponry, so Beecher had an idea to make an "order for Bibles" but it was weaponry disguised.
I hope that’s right I’m pretty sure it is.
Answer:
0,888
Explanation:
Price elasticity of supply is a term used to describe a result in the market caused by a change in the quantity offered of a product related to a change in the price of that product.
To calculate the price elasticity of the offer, we use the following formula:
<em>Price elasticity of supply = % change in quantity supplied / % change in price.</em>
We can apply this formula to the question above, as follows:
<em>Price elasticity of supply = 8 / 9 = 0.8888</em>