The answer is d scarcity! This is because economics is the overall study of the economy, supply is the product or service sold in economics, and demand is the want for certain products or services. Scarcity is when there is few of certain items so people want more than they can get.
If it is a simple yes or no question then yes. If it is one that asks for an explanation then no. Like "Yes, but..." or "No, and..."
Hope this helps.
Answer:
<em>The Schwinn exercise machine is most likely in the</em> <u>introduction</u><em> stage of the product life cycle.</em>
Explanation:
The life cycle of a product is characterized by the phases:
1- introduction,
2- growth,
3- maturity
4- decline.
The first step is the introduction, which characterizes the product's insertion in the market, and includes business efforts to make consumers aware of the product. This phase has as its main characteristics the <u>low volume of production and sales.</u>
<h3>
Answer</h3>
The market share of Levon is 28%
<h3>
Explanation</h3>
Total revenue of Levon is calculated:
$8 * 350 balloons = $2,800 per month
Total Revenue of the market:
$5 * 2000 balloons = $10,000 per month
Dividing Total Revenue of Levon with Total Revenue of the market
$2,800 / $ 10,000 = 0.28
Convert into percentage by multiplying with 100
0.28 * 100 = 28%
<h3>Conclusion</h3>
The market share of Levon is 28%
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Answer:
The correct answer is Barb will earn more interest the second year then Andy.
Explanation:
Bank interest is the money that is obtained or paid for the temporary transfer of capital. Its classification is by remunerative interest, or by default interest. And as for its operation, it is important to mention that the economic amount of interest, to be paid or collected, is given by market rules, since there is no legal limitation on them.
The interest rate will be conditioned by the market itself. For example, the interest we pay to our bank for any loan or credit operation is determined by the market interest rates taken as a reference, for example the Euribor and by the guarantees provided in our loan. A fully secured loan (mortgage for example) is much cheaper than another that has few guarantees.
