Answer: How does a supply shock affect equilibrium price and quantity?
A. Raises prices and decreases quantity demanded
Explanation: The prices raise as there is a decrease in quantity demanded to make up for the loss of sales. This typically happens when the product or service is not meeting the consumers needs anymore, so the goods or services are not being sold and consumed.
Answer:
The average total cost of producing silver is $34.
Explanation:
In perfect competition, there is no restriction on the entry and exit of firms. So the firms enjoy only normal or zero economic profits in the long run.
If the firms incur losses, the loss of incurring firms will leave the market and profits will increase. If firms will be having positive profits, new firms will enter and profits will get reduced.
The price level is thus equal to the average total cost in the long run.
The price of silver here is given as $34.
So, the average total cost will also be $34.
Answer:
The correct word for the blank space is: strategic.
Explanation:
Strategic Human Resource (HR) Planning is the set of actions companies take to attempt to match future human resources needs according to the corporate plans. The main objective of strategic HR is to forecast the amount of labor hand the entity is likely to need. Typically, a project plan is carried out to obtain that measure.
The steps that Janet can take to avoid falling prey to deceptive advertising are the following:
- <em>Know what she wants</em>
- <em>Trust her judgement</em>
- However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.
- The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.
- It is generally unethical for a company to mouth a deceptive advertising.
Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.
Read more about deceptive advertising at brainly.com/question/24271514