Higher prices will lead to more products being supplied, whereas lower prices will lead to less products being supplied. A change in a non-price determinant of supply is the only factor that can affect whether a good's supply rises or falls.
The cost of the good or service is the determinant of supply that is the most evident. When all other factors are equal, a product's supply grows if its relative price is higher. It's easy to understand why. A business sells products or services to make money, and as prices grow, so do profits.
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Answer:
Conceptual framework
The modern world is an OLRT (On-Line Real Time) world. The days of prolonged waiting for a report on the performance and financial position of a business are past. Time is money and time is limited. Information should be available as events occur because one event can mean the difference between success and failure.
The problem poses three questions and expects answers. The answers to all three questions are in the affirmative:
Financial information would be more useful, more relevant and more reliable in an OLRT electronic, paperless world
My favorite customer while working in banking was Mr. Smith, I built a relationship with through asking questions and uncovering needs. I’m doing so I was able to find out about his family & met them and even have been In each other lives for years now!!
Which of the following statements are true? (plato)
A. Economic stability means fair distribution of goods in an economy.
B. Full employment is a macroeconomic goal.
C. Inflation is a fall in the prices of goods and services.
D. Inflation is a rise in the prices of goods and services.
E. Microeconomics studies the economy as a whole.
The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.
E. Is incorrect because microeconomics does not study the economy as a whole, rather, it studies single factors and the effects of indvidual decisions.
Full employment is a macrocroeconomic goal because it studies large-scale or general economic factors vs smaller (micro/microeconomic) factors.
When the board of directors thus weigh both the options to see which would cause them less inconvenience, the board of directors face ethical dilemma.
<h3>What is ethical dilemma?</h3>
An ethical dilemma can be regarded as some kind of challenges that the management of an organization do face whenever they involves in decision-making process.
This usually happen when they are found themselves in between two possible options that requires logical thought to handle.
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