Answer:
Perfect competition is a market structure where many firms offer the same product. An example of perfect competition is the Agricultural market. There are several farmers selling the same products to the market, and many buyers. At the market, it is simple to compare prices of products. Ergo, agricultural markets often get close to perfect competition.
Explanation:
Based on the situation given, we can imply that Jenny is most likely suffering from anorexia nervosa. It is an eating disorder that characterises low Body Mass Index, or BMI, which is a function of weight relative to stature which significantly makes the person lose extreme weight, and inflicts a fear of gaining weight to the person.
Answer:
It's b
Explanation: She is in her early 40s and taking care of the upbringing of her young children and assisting her aging parents
Answer:
C) All factors other than the price of bananas (for example, consumer tastes and incomes) are assumed to be constant
Explanation:
When developing an economic model, only a limited number of variables can be taken into account for the sake of simplicity and understanding. Economic models never give a full picture of reality, only an approach.
The economic model alluded in the question is perhaps the most famous of all: the supply and demand model. It tells us that, assuming all else constant, the higher price, the less quantity is demanded, and the lower the price, the more quantity is demanded.
