Income is not the only factor that causes a shift in demand. Other things that change demand include tastes and preferences. the composition or size of the population is a reason. the prices of related goods, and even expectations. It’s important for people to recognize because as demand increases, the available supply also decreases. But if supply decreases, prices may increase. Supply and demand have an important relationship because together they determine the prices of most goods and services.
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Answer:
Many decisions are taken at the margin
Explanation:
Many decision are taken at the margin.
He makes small changes at the margin in the number of hours spent training on each activity.
Paola and his wife both realise that increasing time spend in the pool will decrease his total triathlon time.
His time is fixed (20hrs) and anytime he wants to spend extra on one activity, i means that he cannot spend time on another (this is known as opportunity cost).
They are both on the same page in terms of trying to improve Paolo's total time (exploiting opportunities to makes themselves better off).
1hour switch in Paolo's point of view isa major change, whereas his wife recommends a wholesale change.
Paolo realises that as he spends more time in the pool improving his swim time, his run and cycle times will take a hit. As he swims more, his improvement is likely to slow down, while spending less time on cycling and running will cost him more in terms of time.
Hence Paolo is looking at the margins.
His wife on the other hand, is not, she is ignoring the interaction, may be forgetting the ncreasing deterioration in terms of time of the other 2 legs
Approximately how much did the population of the United States grow between 1850 and 1890? ... Zachary Taylor was the President of the United States at the start of 1850. He was replaced by ... What helped denver's population grow from 1890 to 1990? ... How much did the US population grow between 1940 and 1955<span>?</span>
Answer:
Checks and balances is a concept that the framers of the U. S. Constitution created and that the state of Georgia adopted when creating its own constitution. Not only did they separate the powers of government, they created a system for each branch to check each other's power.
Explanation:
B) 1777
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The first constitution of the state of Georgia was written in 1777. It was ratified in the city of Savannah while the Revolutionary War was being fought.