Answer:
The law of demand dictates that when prices go up, demand goes down – and when prices go down, demand goes up. For instance, a baker sells bread rolls for $1 each. They sell 50 each day at that price. However, when the baker decides to increase to price to $1.20 – they only sell 40
Explanation:
Answer:
D. lower than the equilibrium price.
Explanation:
Markets are at equilibrium where demand = supply & demand, supply curves intersect.
Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.
This artificially reduced price creates excess demand or shortage (less supply), because at the lower price - demand is more but supply is less.
For more , refer : brainly.com/question/14580944#
Answer:
Democratic leadership
Explanation:
Democratic leadership defines that the leader motivates his subordinates to come up with suggestions and alternatives for a specific issue. Then, based on the number of votes received from his group members, he chooses the best choice for a specific alternative choice.
Therefore according to the given situation, Chang meets with his whole team who is a specialist team in designing and find out the ideas for which they implement on the project. Designers bring concepts with them and everybody votes. So this style of Chang is called Democratic leadership.
<span>Jacques Necker was a financial analyst and adviser who was very keen in economics of the time. He would advise King Louis XVI in financial matters. Knowing this, in my letter explaining my economic reform program (written as Necker), I would ask King Louis XVI to stop spending so much money on non-essential goods and services. I would ask the King to stop placing tariffs on trade in order to free up money to create economic fluidity.</span>
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is equal to the principal value of the bond. Option B. This is further explained below.
<h3>What is a bond?</h3>
Generally, a Bond is simply defined as fixed-income investments such as bonds that reflect a loan from an investor to a borrower, often a corporation or the government.
In conclusion, In this case, the bond's market value will be equal to the principal value of the bond. if the bond's effective yearly yield is equal to the bond's coupon rate
Read more about bondʹs
brainly.com/question/17405470
#SPJ1
