For the market to reach equilibrium, you would expect prices to rise.
<h3>What is a shortage?</h3>
A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.
For a shortage to be resolved, prices would rise until equilibrium price is reached.
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Answer:
The biggest opportunity cost regarding liquidity has to do with the chance that you could miss out on a prime investment opportunity in the future becse you can't get your hands on your money that's tied up in another investments.
Explanation
Answer:
(E)
Explanation:
Since SwimFit wants to improve the quality of its goggles and other products inorder to achieve better quality than that of its competitor it is termed reverse engineering.
Any reproduction of another manufacturer's product after examination of how it is made is called reverse engineering.
An example of this scenario occurs in real life when a close competitor of a firm invents a new mobile phone with certain features. Within a few weeks the other firm might release their own mobile phone with similar or even better features.
Answer:
The correct answer would be option A, The money that goes abroad will come back again when other nations buy our exports.
Explanation:
Keeping money at home means, keeping money within the country. So the traders who do not wish to trade their products outside the country usually give counterargument on this like money goes abroad as a result of imports, will come back to the country again, as a result of the exports, because other countries buy our products and send us money, which means our money will come back eventually. But they normally forget that to achieve this balance, there should be an accurate balance between the imports and exports of the country.
