<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Saving money helps to prepare ahead of any financial crisis.
<h3>What is Saving?</h3>
Saving involves removing or separating some amount of money from your income that will not be spent.
This money can be use for emergencies or future plans.
Therefore,
Saving money helps to prepare ahead of any financial crisis.
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In the "Great Compromise," every state was given equal representation, previously known as the New Jersey Plan, in one house of Congress, and proportional representation, known before as the Virginia Plan, in the other.
Answer:
The Consumer Price Index/CPI
It is true that theft of large amounts of money or personal belongings are also on the rise even with the relationship with municipal police station and the community.
<h3>What is the reason why crime can not be completely eliminated?</h3>
It should be noted that this question doe not provide full information, i am giving the overview about the described crime.
Crime is part of any large society irrespective how tight the security system , so far there is unemployment as well as poor state of living in a country , there will also be a recorded crime rate.
This is the case described in the question, even there are municipal police, people still commit crime.
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