When a product becomes less differentiated from other products, its demand curve becomes<span> flatter
The Demand curve of the company is much more influenced by prices rather than types of products. Creating new recipes for the pizza will only give the customers an additional option for substitute product, doesn't necessarily make them to buy more products.</span>
Answer:
<em>A. True</em>
Explanation:
<em>Aggregate demand</em> refers to the desire and the will to purchase a specified quantity of all the final goods and services produced in a country at a specific price level at different points of time.
An<em> aggregate demand curve is downward sloping</em>, implying increasing demand at lower price levels and decreasing demand at higher price levels.
<em>Aggregate demand = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Exports (NX) = GDP at market price</em>
C represents the consumption goods demand by individuals and households.
I represents the private corporate spending on investments in fixed capital assets like plant and machinery and equipments etc.
G represents the government expenditure for the people like on building parks and dams etc and social assistance programmes.
NX represents the exports minus imports.
Hence, we can see that Aggregate Demand accounts for the measure of all the final goods and services produced domestically in a country and <em>thus is the sum of all demand curves of all goods and services in the economy. </em>
Answer and Explanation:
The correct answer is: the <em>years 2001, 2004, 2007 and 2009.</em>
The table mentioned in the question was missing, so I attached it here.
A budget surplus refers to when the revenue (in this case the government's budgeted revenue) surpasses the expenditure in a given period of time, such as over the span of one year. From the attached table, we can see that in these years, the revenue was higher than the expenditure, therefore, resulting in a budget surplus.
1. 2001- the budget surplus was $2 trillion (8 trillion- 2 trillion)
2. 2004- the budget surplus was $2 trillion (9 trillion- 7 trillion)
3. 2007- the budget surplus was $2 trillion (6 trillion- 4 trillion)
4. 2009- the budget surplus was $3 trillion (7 trillion- 4 trillion)
Answer:
The answer is a firm's business level strategy
Explanation:
A strategy is a blueprint or a plan which spells out the major policies of an organisation, its goals and actions that will enables it to achieve the organisational objectives.
A firm business level strategy is a tool aimed at improving the competitive position of a firm's products within the market segment or industry that the firm operates. It focuses on how a firm will satisfy customer's needs and gain competitiveness in the market in which it operates by exploiting opportunities in market.