If consumers increase their purchase of goods and services then a likely outcome for our economy is

2 answers:

3 0

The correct answer is inflation. The more consumers spend on products and services, the higher the prices for these products and services will rise, leading to inflation. This will especially occur if the customer demand becomes greater than the supply, because then the goods and services will be even more difficult to attain, thus making them more valuable.

Yuri [45]3 years ago

3 0

Explanation:

There could be two possible outcomes if consumers increase their purchase of goods and in the economy. One is the economic growth due to the increased economic activities. Second one is the inflation. When the flow of the currency in a country increases in the economy, inflation occurs. Inflation is the increase in the prices of goods and services. Extra flow of cash in the economy also causes inflation. Due to inflation, the prices of goods and services increase.

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A decrease in the price of a good will lead to:_______

butalik [34]

Answer:

C. a movement down along the supply curve for that good.

Explanation:

A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.

This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

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3 years ago

When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will

MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

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3 years ago

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Ipatiy [6.2K]

Answer:

The project Charter.

Explanation:

A project charter is a structured, generally short documents that outlines the project as a whole — including what the goals are, how it will be implemented, and who are the stakeholders. It is a crucial ingredient of project planning, since it is used throughout the life cycle of the project.

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Please help me with this!!

Westkost [7]

The correct answer is Neutral stance

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svetlana [45]

I guess the correct answer is the narrow view, or invisible hand theory .

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