Answer:
The answer is 32.69$.
Explanation:
The Sale price of sweater was $28.93, to add 13% HST we need to multiply 28.93 by 13 % & add 28.93 to it.
Answer:
c.Equilibrium price will rise; equilibrium quantity will rise.
Explanation:
If there's an increase in demand and supply remains unchanged. The demand curve would shift to the right and there would be an excess of demand over supply. Equilibrium price and quantity would increase.
I hope my answer helps you
Answer:
Option (a) is correct.
Explanation:
According to the law of demand, there is an inverse relationship between the price of the product and the quantity demanded for that product. Hence, if there is an increase in the price of the good then as a result this will decrease the quantity demanded for the good and if there is a fall in the prices of the goods then as a result the quantity demanded for the goods increases.
Therefore, the change in the price level of the goods represents the cause and its effect is the change in the quantity demanded for the goods that a consumer want to purchase.
Answer:
Common resource
Private Good
Public Good
Explanation:
A common resource would be any limited commodity, including such water or farmland, which offers tangible advantages to consumers but which no one in specific owns or has sole rights to.
Private commodities are items that must be bought in order to be eaten, and one person's consumption forbids another individual from purchasing them.
Public good can contribute to: social interest, an useful that is both non-exclusive and non-rival.
A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.