Answer:
D. The demand for artichokes will increase.
Explanation:
Demand is the willingness of a consumer to pay for the goods and services so purchase.
One of the major determinants of demand is expectation of change of price in the future. Others are price of related goods, income of consumers, tast and preference, and expectation of change of price in future.
When consumers speculate increase in price of certain commodity, then there would be increase in demand for such commodity now.
It therefore follows that consumers tends to follow market trend in terms of demand. They would demand for certain commodity in anticipation of price increase thereby leading to scarcity of such commodity in the market.
Answer:
The mean income is the average income of all households in the country, while the median income divides the total into two groups, those who earn above the median and those who earn below the median (i.e. the median would be middle point.)
If income inequality has increased then the mean income should rise above the median income since it is affected by extremes, e.g. the 10% richest earn 9 times more income than the lower 90%.
Since we are not given the increase in income inequality, we can assign any positive slope to the mean income.
Answer:
B) other firms can enter the market.
Explanation:
In a monopolistically competitive market, there are lots of suppliers that offer differentiated products to lots of consumers, e.g. restaurants. In a monopolistic market, only one supplier exists.
In a monopolistically competitive market the barriers of entry are low, and other competitors can continually enter the market, while it is very difficult for other competitors to enter a monopolist's market.
There are different reasons why people change. When coaching for change, it is important to have a good grasp of that Apply Adult learning principles, Why the change is needed.
<h3>Why is it vital to apply adult learning principles?</h3>
Adult learners are known to be key resource because;
- They bring the wealth and diversity of their lives along with their use.
- They use their previous knowledge and experience, that can be used to apply to new learning experiences.
- Adult learners often uses their life experience and knowledge into their new learning.
One can you incorporate all adult learning principles into your work by putting employees in the growth process of training materials among others.
Learn more about adult learning principles from
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