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3 years ago

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:

The price of the good in question: the more expensive a product is, the lower its demand will normally be.
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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In psychology the term personality implies that individual patterns of behavior are both?

faltersainse [42]

Answer:

unique and stable

Explanation:

Some traits are universal, e.g. shyness, or talkativeness. It depends on the person.

Stable patterns of behavior are observed by analyzing one's personality to have a general idea of how one will respond in future situations or events they find themselves needing coping skills, e.g. a talkative student may participate more in class whereas a shy one will sit quietly.

People are still unique in their behaviors and character, but may possess general traits that are generalized to most people.

Pls mark brainliest

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2 years ago

eaq Which developmental skills are fostered by a child scribbling and drawing? Select all that apply. One, some, or all response

Semenov [28]

Fine muscle, Eye-hand coordination & Dexterity are the developmental skills fostered by a child scribbling and drawing

<h3>What is developmental skills?</h3>

A developmental skills are also called a developmental milestones that all children gain over time as they grow.

In conclusion, the Fine muscle, Eye-hand coordination & Dexterity are the developmental skills fostered by a child scribbling and drawing

Read more about developmental skills

<em>brainly.com/question/1337243</em>

7 0

2 years ago

The Virginia Company wanted to settle in

julia-pushkina [17]

Answer:

There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.

Explanation:

Why did the Virginia Company of London establish the colony? The Virginia Company was in search of economic opportunity. They expected to profit from mineral wealth such as gold and iron ore, timber and wood products and other natural resources.

brainliest hope taht helps

8 0

3 years ago

Students who do well on college entrance exams generally do well in college. This helps establish that these exams have split-ha

kirill115 [55]

Answer:

Predictive validity.

Explanation:

A Predictive validity test is the test that is taken to predict the future performance of the applicant based on the scores in the test. The test is useful in predicting the future, as suggested by the name.

The tests that are taken before allowing a person in any organisation are often predictive. A pre-employment test is such example.

<u>In the given case, the entrance exams are also an example of predictive validity. It is because based on the scores scored by a student will help the university authorities about the performance of the student</u>.

So, the correct answer is predictive validity.

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2 years ago

What is efficiency in economics

ira [324]

Choices in life or anything you choose

7 0

3 years ago