Answer: c. Demand decreases and supply decreases.
Explanation:
When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.
Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.
Both the forces work towards reducing quantity to quantity will fall unambiguously.
Thus, the correct option is c, Demand decreases and supply decreases.
Answer:
The correct answer is option d.
Explanation:
The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.
Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.
Answer:
production cost; opportunity cost
Explanation:
Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.
A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.
Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.
A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.
Learn more about the competitive market, here:
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Answer:
The summary as per the given query is summarized in the explanation section below..
Explanation:
The given values are:
The nominal rate of return,
= 7%
i.e.,
= 0.07
Inflation,
= 4%
i.e.,
= 0.04
- Lengthy-term inflation would lessen the return on investment that lowers the net return as long-term investments are made.
- It can also aim to obtain a higher return that will comfortably exceed the rate of inflation and therefore is beneficial towards diminishing the average return.
Now,
The rate of return will be:
= 
On substituting the values, we get
= 
= 
= 
= 
Therefore it isn't able to measure the average return rate because the quantity of years for its expenditure.
