Answer:
B. there is a movement up along the demand curve to a smaller quantity demanded.
Explanation:
Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.
It represents the inverse relation between the price and the quantity demanded of the good
Therefore the quantity demanded get decreased with the price
D is the correct answer.
Servant leaders can't lead if subordinates are not open to being guided.
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Answer:
- B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
- C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
- D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.
Explanation:
The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits
'' </em>by<em> Associated Press. </em>
Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.
Advocates and the seniors themselves have complained that the 2020 COLA is not enough to meet their current needs especially given the rising cost of healthcare.
Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.
Answer:
The correct answer is option d.
Explanation:
An industry is comprised of a large number of small firms.
Because of losses, many firms have left the industry.
This will cause the industry supply to decline.
The industry supply curve will move to the left.
The new supply curve will intersect the demand curve at a higher point.
This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.
Answer:
The correct answer is Activity G has s slack time of 8 days.