The correct answer would be, The Law of Demand.
Prices are much higher than formerly. Siemienas says, 'Yes my prices are high, if nobody buys, i bring my prices down. This is the market rule'. This rule best describes The Law of Demand.
Explanation:
In the field of economics, there are two basic concepts of Demand and Supply.
According to The Law of Demand, When the price of the good or service increases, the demand for that product or service decreases, and if price of the good or service decreases, the demand for that product or service increases, keeping all other factors constant.
So this is what Siemienas says that if the demand for his product will decrease, he will decrease the price of the product in order to maintain the sales of his company.
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A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of 14.29.
<h3>What is reserve ratio?</h3>
The reserve ratio is the percentage of reservable liabilities which commercial banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.
Some key points related to reserve ratio are-
- The reserve requirement is the minimum amount of deposits that a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
- Regulation D of the Federal Reserve Board establishes the reserve ratio.
- Regulation D established uniform reserve requirements with all deposit accounts with transaction accounts and necessitates banks to provide the Federal Reserve with regular reports.
- Suppose the Federal Reserve determined that the reserve ratio should be 11%. This means that if a bank has $1 billion in deposits, it must keep $110 million in reserve ($1 billion x.11 = $110 million).
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<span>The phrase used in the article, a more equitable distribution of income, is meant to convey the idea that income should be more fairly distributed through everyone in all classes in the country. The basic idea is there should not be such huge gaps between the top and bottom income tiers.</span>
The principle that's illustrated by the gas tax is known as the benefit received principle.
<h3>What's a tax?</h3>
It should be noted that a tax is a compulsory payment that generate revenue to the government.
In this case, a gas tax imposed by some states in which those who use the roads more pay more to maintain them is based on the benefits received principle.
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Answer: incomplete
Explanation: the client provided Kanska with incomplete details, in its requirement the client should have specified that the sizes of the files sent differ
