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Savatey [412]
4 years ago
13

The model of monopolistic competition can characterize the market for plumbing services in a city. Suppose that the market is in

itially in long-run equilibrium, and then there is an increase in demand for plumbing services. We expect that in the short run the price__________.
A. and output of plumbing services will remain unchanged.
B. of plumbing services will rise and the output will fall.
C. and output of plumbing services will rise.
D. and output of plumbing services will fall.
Business
1 answer:
Verdich [7]4 years ago
6 0

Answer:

Correct answer is (C) The price and output of plumbing services will rise

Explanation:

In a monopolistic market if the service or commodity is initially in long-run equilibrium, and then there is an increase in demand, then, there will increase in price in a short run as people demands more and the provider of the service or the producer of the goods will tend to provide or produce more.

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arsen [322]

Answer:

TRUE

Explanation:

This is because financial planning is one of the service sector jobs. They are basically involved in providing services (Intangible products). Examples are Barbers, wedding planner, etc.

7 0
3 years ago
The following is a report from a not-very-efficient BLS survey taker: "There were 105 people in the houses I visited. 26 of them
garri49 [273]

Answer:

1. The labor force = 65 (68 - 3)

2. The working age population = 79 (105 - 26)

3. The number of employed workers = 38 (25 + 13)

4. The number of unemployed workers = 3 (11 - 8)

Explanation:

a) Data and Calculations:

Population in houses visited = 105

Number of children =                 26

Number of adults =                    79 (105 - 26)

Workers with:

Full-time jobs = 25

Part-time jobs = 13        38

Number of retirees =    10

Full-time homemakers   5

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Disabled people =          3  = 68

Unemployed = 11 (79 - 68)

8 0
3 years ago
The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr
Leona [35]
<span>The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and production departments. this is an example of departmentalization by function


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3 0
4 years ago
Ok write your age and then multiple it by ten then divide it by your birth year
mixas84 [53]

Answer:

150 divided by 5 = 30

Explanation:

4 0
3 years ago
Read 2 more answers
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Eddi Din [679]

The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as  Consumer Behavior.

<h3><u>Explanation</u>:</h3>

The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.

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4 0
4 years ago
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