Answer: e. They will make similar price cuts.
Explanation:
In an Oligopoly, there are few Firms in the market and as such if they colluded, they could control the market.
They rarely do however due to the legal and operational complexities of such a move so they exist in a sort of state where all the firms charge a set price and avoid changing this.
This is because if one firm increases price, they will lose market share.
If another firm reduces price, they might be able to capture more Market share so all the other firms reduce price as well to maintain their market share. This latter scenario would see them all maintain market share but have less profit due to charging less.
I digressed.
When a firm in an Oligopolistic Market reduces price, the other firms follow suit.
Answer:
flexible and increases in AD will increase unemployment.
Explanation:
Keynesian economics can be regarded as macroeconomic theory that base on effects of total spending in the economy as well as its effects on inflation, output and employment. With regards to this theory, Keynes serve as advocate that speak that about increased government expenditures as well as lower taxes in order to stimulate demand as well as saving the global economy from depression.
It should be noted that Economists who advocate the Keynesian theory of economics would say that flexible and increases in AD will increase unemployment.
Answer:
70%
Explanation:
Data provided in the question
Number of students responded = 1,000
Number of students Strongly agree = 700
So by considering the above information,
The percentage of students strongly agree is
= (Number of students Strongly agree) ÷ (Number of students Strongly agree) × 100
= (700 students) ÷ (1,000 students) × 100
= 70%
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