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Eddi Din [679]
3 years ago
15

Tasty Treat Tea is a popular iced tea drink. When the manufacturer begins to use imported tea leaves, the price rises and consum

er demand for the drink falls. This suggests that
Business
1 answer:
OverLord2011 [107]3 years ago
4 0
The scenario you described suggests that the Law of Demand is correct.

Increase in price will always lead to loss of demand, while replacements for that product will grow in demand.
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If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:
Nadya [2.5K]

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

8 0
3 years ago
If some one makes a deal to not work for 2 years and will pay you 100 billion dollars or should you choose a different man who s
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3 0
3 years ago
The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968, requires that lenders do all of the fo
antiseptic1488 [7]

Answer:

Give consumers copies of their credit reports.

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The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968 is a federal law of the United States of America that was enacted by the 91st US Congress and signed into law by President Richard Nixon on the 26th of October, 1970.

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However, the Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968, do not require that lenders give consumers copies of their credit reports.

7 0
3 years ago
When the relationship between government and interest groups becomes entangled and tight with some groups having formal governme
Talja [164]

Answer: Neo-Corporatism.

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Neo- Corporatism emerged in resent times as a successor to State Corporatism. State Corporatism was a system whereby interest and labor groups were supposed to work together for the good of society. These were most prevalent in authoritarian regimes like Nazi Germany and post communist Lithuania.

Recently though, in some Democratic countries, interest groups have chosen to work with the Government to improve the lives of the people and enable the Government reach out deeper. These Peak Associations as they are often called help the Government compete economically and are very prevalent in countries and regions such as, Germany, Switzerland, Austria and Scandinavia.

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3 years ago
When working with compressed air what psi should you reduce to if using the compressed air for cleaning?
Genrish500 [490]
The correct answer should be 30 because you don't want too much pressure .
4 0
3 years ago
Read 2 more answers
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