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Gre4nikov [31]
3 years ago
15

ECONOMICS: Explain the nature of the law of demand by discussing individual demand and the four variables which alter it.

Social Studies
1 answer:
trapecia [35]3 years ago
5 0

Answer: The <em>four variables</em> which alter it are:

  1. The price of the good in question: the more expensive a product is, the lower its demand will normally be.
  2. The price of related goods:
  • Complementary: they are goods that are consumed together, it is not possible to consume one without also consuming the other.
  • Substitutes: those whose consumption is exclusive to each other, to consume one implies not to consume the other, since both satisfy the same need.

   3. The disposable income.

   4. Consumer preferences: tastes, preferences and fashion determine the behavior of the applicants regardless of prices or income.

Explanation:

Demand is the quantity of a good or service that the applicants are determined to acquire at a certain price and conditioned by a series of factors.

Individual demand is defined as the quantity and quality of goods and services that can be acquired by a consumer.

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Oxana [17]

Answer: The British

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I believe the correct answer is: a token economy.

 

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Which of the following statements is generally true about change in the workplace ? a ) Most people accept change easily . b) Smart companies can avoid change altogether. c) Change in the workplace fairly infrequently d) Individuals can learn to manage the change in their lives.m


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3 years ago
How had democracies fallen short of people expectation explain
bazaltina [42]

There are times when democracy does not meet the expectations of the people.  Sadly there are times when it fails the people who believe in it.  This is when corrupt officials abuse their position in government and implement policies that limit democracy and the rights of the people. When services intended for the people are not available that is another example.  The worst instance is when there is no justice in the system as the guilty goes free and the innocent gets blamed.

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What is it meant by. The whole of a person is greater than and different from the sum of the parts
atroni [7]
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