<h2>Grants are typically needs-based while scholarships are typically merit-based.
</h2>
Explanation:
Option 1:
This is invalid because grands are usually need based and scholarships are usually merit-based.
Option 2:
This is the right answer.
Grants are often given considering the family background in terms of financial situation.
Merit-based are often based on GPA that the student secure
Option 3:
This stands invalid because you need not write any essay.
Option 4:
This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.
Answer:
Let's assume that "X" be the number of employees in 2000.
∵ it's given :
From 2000 to 2003: the number of employees increased by a factor of 1/4
From 2003 to 2006: the number of employees decreased by a factor of 1/3
∴ We can equate the following details:
X×(increase in employee)×(decrease in employee) = 100
X×(
)×(
) = 100
X×(
)×(
) = 100
X×(
) = 100
X = 100×(
)
<em>X = 120 </em>
<u><em>Therefore, the correct option is (b)</em></u>
When the intervention rises the price stage of goods, then the incentive to supply extra desires increases and consequently growing manufacturers' surplus. So policy market can motivate both client and producer surplus.
A tax causes consumer surplus and producer surplus (earnings) to fall.. some of those losses are captured inside the tax, however, there may be a loss captured with the aid of no celebration—the value of the devices that could be exchanged had been there no tax. those lost gains from trade are called deadweight losses.
For each monetary transaction, there can be both producer surplus (or profit) and client surplus. The mixture–or blended–a surplus is called the economic surplus.
Learn more about policy market here: brainly.com/question/25754149
#SPJ4
Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
