Answer: X-intercept is (1,0)
Explanation:
Answer:
The grocery store chain is using the analysis for decision making.
Explanation:
Decision making is the process of identifying the ideas in other to determine which is best for the operation of the company. Its involved cognitive reasoning of the top managers. By tasking the employee to develop customized marketing plans for each store, the grocery store chain is studying and analyzing data for making accurate decision about the purchasing behavior of customers.
When the price of a bond is below the equilibrium price, there is an excess demand for bonds and the price will rise.
<h3>What is Demand?</h3>
Demand refers to the amount of the money spent on the purchase of the commodity for the particular period of time. It includes the demand of the consumer goods, imports, and government spending.
The excess demand for the bond tends to increase the prices of bonds and rate of interest falls. Thus, ultimately leading to new equilibrium interest rate is lower than previous one.
Therefore, it can be concluded that When a bond's price is lower than its equilibrium price, there is an inflationary pressure on bonds, and the price rises.
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The competitive environment described is competitively unattractive from the standpoint of earning good profits.
<h3>What is a perfect competition?
</h3>
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. In the long run, firms earn zero economic profit.
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