Answer: C. . increase the quantity supplied of X and decrease the quantity demanded of X.
Explanation:
If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will result into the increase the quantity supplied of X and decrease the quantity demanded of X.
This is because when there is a rise in price, the suppliers will be willing to supply more while the consumers will demand less of the product.
Answer:
C. can be used to help one's children in school
Explanation:
A "family capital" refers to the<u> family resources such as the means to positively influence the life of children in the future. </u>This happens when family members help each other in order to attain a goal <em>(personal/societal)</em>.
From the definition of family capital, it can then be used to help one's children in school. So, the family work together in order to make their children educated and become better citizens of the nation. <em>An efficient family</em> can affect the society <em>by producing a surplus of resources</em> that the society can benefit from.
So, this explains the answer.
no they should not 100% correct
Answer:
Elastic demand
Explanation:
The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.
Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.
D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.