Internal obstacle can rise from within the organization causing problems while external obstacle is from outside
Answer:
A horizontal line at the market price
Explanation:
it's means that the price it receive is the same for every unit sold
Answer:
<em>Increase in quantity demanded</em>
Explanation:
Demand for a product is the different quantities of that product that consumers are willing and ready to pay for at different prices.
There are many factors that affect the demand for a product; these include change in the price of the product, price of related products, change in consumer income, change in fashion, taste and style.
<u><em>Change in quantity demand</em></u>
Specifically, the law of demand states that there is an inverse relationship between quantity demand and its price. Change in quantity demand is a movement along the demand curve.
<em>A change in the price of a product will produce an opposite change in the quantity that consumers are willing to buy assuming all other factors do not change. This is referred as to as change in quantity demand. This can either be an increase or a decrease depending on the direction of the price movement.</em>
<u><em>Change in demand</em></u>
<em>Change in demand is the shift in the demand curve to either right or left. This can be attributed to any of the factors that affect demand other the price e.g change in income.</em>
<em>Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded</em> .
Answer:
C
Explanation:
Increasing minimum wage increases the cost of hiring labour. As a result, firms would reduce the amount of labour skilled labour employed in order to reduce cost of hiring labour.
Another option, is for firms to hire more skilled labours
Answer:largely by the sellers of apples.
Explanation: A highly elastic Demand is the demand that changes at the slightest increase in the price of a good or service.
A highly inelastic elastic supply is the situation where the supply of goods and services does not change even when the taxes or cost of production of the good or service increases.
When supply is inelastic, the sellers will bear the burden of the increased tax as increasing the price of the apples will cause the customers to look for alternatives.
