An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.
A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.
Answer:
OD. The price of other products would need to have increased.
Explanation:
Inflation is defined as the decline of the purchasing power of a particular currency over a period of time. Which means that if a product cost $1 last two years and now costs $2 now, and its effect is also felt among other commodities, then inflation is confirmed as it is not limited to a particular product.
Therefore, if ten years ago, a smoothie at Kay's Smoothies cost $1.25 and today it costs $2.00, in order to attribute this price increase of smoothies at Kay's to inflation, the price of other products would need to have increased.
If the market price for a product falls, the curve that would shift would be the D. Curve D.
<h3>What curve shifts with market price ?</h3>
In the given graph, the curve that would shift as a result of a shift in the market price would be the demand curve or D. This is because this demand curve is a horizontal curve which makes it perfectly elastic.
A perfectly elastic curve will change demand when there is a change in market price as more people will be interested in the good or service and try to get more or it.
Find out more on shifts in curves at brainly.com/question/29730751
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<span>Mr. Cooper would like to customize his Excel software so his students can create an electronic graph in Excel for their lab reports. Which process would best help the students locate the chart tools options? Adding the Chart Tools options as a main tab. I would add this option versus create a graph template because the tool will allow more customization for the students to have. If they go off of a template, they likely won't know how to edit the graph template and they will all look the same. </span>
Answer:
Answer in explanation
Explanation:
In this question, we are asked to state what will happen to the price of potatoes in the short and long run giving some happenings.
Firstly, we identify that the market for the russet potatoes are in equilibrium with a price of $6 per 100-pound sack.
Now, due to dietary changes, low carbohydrates diet become suddenly popular. This made the availability of substitutes for the russet potatoes. Hence, there is a demand loss for Russet potatoes. Having considered the market properties of the Russet potatoes, it is expected that the price of the russet potatoes will fall. This is principally due to the law of demand. Hence, in the short run, the price is expected to fall below the $6 mark.
What will happen in the long run?
Since it’s a perfectly increasing cost market, there would surely be a bull run later on with the price getting higher than what is expected in the short run. This however does not say anything about if the price would rise above the initial $6 mark
