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Sergio039 [100]
3 years ago
12

Scenario 1 Derek goes to the corner grocery store to pick up carrots for a salad. He notices that this store has nearly doubled

its price for carrots. Not willing to pay that much, he gets into his car and drives to the grocery store farther away. He finds the exact same type of carrots there at the price he was expecting. Happy, he buys them and returns home. Scenario 2 Melissa plans to buy a new computer. She's seen commercials for a new model that has many innovative features that will be helpful to her in college. She's excited to buy this computer, but she thinks the price is high. She goes to many stores and searches online to find another computer for a cheaper price without success. Realizing that the computer is the only one with all the features she wants, she purchases it. What is the relationship between competition and consumer action in these situations?
Social Studies
2 answers:
Luda [366]3 years ago
4 0
In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.
Murrr4er [49]3 years ago
4 0

Answer:

Sample Answer:

In the first example, Derek went to a different store in search of cheaper carrots and was able to get carrots at the price he was willing to pay. In this case, there was competition in the carrot market. In the second example, Melissa couldn’t find a cheaper computer with the same features because only one company manufactures computers with the features she wants.

Explanation:

Hope this helps

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In philosophy, economics, and political science, the common good (also commonwealth, general welfare, or public benefit) refers to either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and public service. The concept of the common good differs significantly among philosophical doctrines.[1] Early conceptions of the common good were set out by Ancient Greek philosophers, including Aristotle and Plato. One understanding of the common good rooted in Aristotle's philosophy remains in common usage today, referring to what one contemporary scholar calls the "good proper to, and attainable only by, the community, yet individually shared by its member

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b. mining

Explanation:

Australia is one of the leading countries in the world when it comes to mining. Taken per capita, it is right there around the top by having the most mines that are active in the world. This is possible because the country has numerous valuable natural resources, so in order to develop and keep strong its economy it exploits these natural resources. Unfortunately, this causes lot of pollution in the areas where there's mining, with the water and air being especially affected. Through the mining, lot of toxic chemicals are released. Some of them end up in the air and worsen its quality significantly, while others end up in the water, usually the groundwater and make it unusable, which is very bad considering that Australia doesn't really have abundance of freshwater at disposal.

6 0
4 years ago
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When Sophia attended the first discussion section for her math class and heard her instructor begin speaking with an unfamiliar
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Listening is crucial when we interact with others because through listening we accumulate knowledge.

It is vital part of listening to avoid prejudging the speaker as part of ethical listening, one needs to pay attention and carefully decode tue message before they can make judgements about the message of the speaker. It is not ethical to reject the message without having actual heard the message effectively.

Sophia just heard the accent of the speaker and from that she concluded without hearing the message first that she wasn't going to hear the speaker.

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3 years ago
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The correct answer would be, The tip of the Tongue phenomenon.

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Explanation:

When a person is failing to recall something out of his memory and thinks that he is about to recall or remember the thing or the word or the phrase, then this phenomenon is called as the Tip of the Tongue phenomenon.

As the name shows, the words are at the tip of the tongue but the person is unable to retrieve those words or terms out of his memory at that time.

In this phenomenon, Partial recall happens but full recall does not happen. Also the person feels that the retrieval is imminent.

So in the given example, When lexi is describing the story of the movie which she recently watched, she was unable to recall the name of the hero in that movie. He partially recalls that the name of the actor starts with G and he has been in a bunch of other stuffs  lately, but she was unable to retrieve his name from her memory. This is called the tip of the tongue phenomenon.

Learn more about the Tip of the tongue phenomenon at:

brainly.com/question/9501513

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