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NeX [460]
3 years ago
7

A price floor is set at $1.00, what is the state of the market and amount of

Business
1 answer:
AleksAgata [21]3 years ago
4 0

Answer:

Explanation:

lol no

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The difference between a change in supply and a change in the quantity supplied is that the latter is:.
lakkis [162]

A change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.

<h3>What is a supply curve?</h3>

The supply curve is a positively sloped curve that shows how quantity supplied changes with price of the good. All things being equal, the higher the price of the good, the higher the quantity supplied.

<h3>What is a change in supply and a change in quantity supplied?</h3>

A change in quantity supplied is as a result of a change in the price of the good. If price increases, quantity supplied increases and if it decreases, quantity supplied decreases.

A change in supply is caused by other factors other than price. Some of these factors include:

  • A change in the number of suppliers
  • The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward.

To learn more about supply curves, please check: brainly.com/question/26073189

5 0
1 year ago
Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase
Tresset [83]

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a  good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

6 0
3 years ago
Is bussines studies hard? ​
alexdok [17]

Answer:

No

Explanation:

I took it last year

6 0
2 years ago
Read 2 more answers
Which work value is most likely to be important in a person's career choice?
matrenka [14]

Answer:

oD. being skilled at negotiating and bargaining with people

6 0
2 years ago
Keynesians a. advocate for a laissez-faire approach. b. believe that equilibrium may exist at less than full employment.c. belie
Olin [163]

Answer:

c. believe in the use of fiscal policy to stabilize the economy.

Explanation:

According to Keynesian theory, the sum of some micro-economic behaviors of all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When total demand for products is insufficient, the economy enters a crisis and unnecessary unemployment arises due to defensive behavior of the producers. In such cases, the government may pursue policies to increase aggregate demand, and as a result may accelerate economic activities and reduce unemployment. Most Keynesian propose policies to stabilize the business cycle. For example, when the unemployment level is too high, the state can pursue a growth-oriented monetary policy.  , one of the most famous of his critiques, Keynes argues and did not agree with "The Laissez-faire" that he opined  the doctrines of laissez-faire are dependent on some extent on a case-by-case basis.

8 0
3 years ago
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