<u>Answer:</u>
The statement that in the long run the demand curve will shift to the left until price equals average total cost and economic profit increases is not true.
Option: (I)
<u>Explanation:</u>
- In monopolistic competition, the demand for the commodity that is manufactured often remains constant, or at instances, increases as the manufacturer is the only player producing the commodity in that particular segment, or of that particular brand, or of that particular quality.
- These manufacturers often sell their products at costs more than the marginal costs by taking advantage of the monopolistic competition in place.
Answer:
a member of precariat.
Explanation:
A precariat is a form of social class that includes a person who suffers from precarity. Precarity is the condition in which a person suffers from a state of insecure income and employment. Thus, the term 'precariat' is used to define people working-class people of a social group. People who belong to precariat group do not have employment rights also and suffers a difficult life because of less or no job security.
<u>In the given case, Janet, who works multiple part-time jobs with no non-wage benefits can be classified as a member of precariat. As stated above, a precariat do not have a job security with no employment or non-wages benefits; Janet fits in this classification</u>.
So, the correct answer is a member of precariat.
Answer:
changing from good to bad
Explanation:
<u>Demand for goods and services in an economy is affected by consumer preferences and / or price of products. The exercise deals only with the increase or decrease in demand due to preferences.
</u>
Preferences are based on tastes, conventions and information about the consumption of products. If a preference increases consumption, the demand curve shifts to the right. (type 2). If preferences decrease demand, the demand curve shifts to the left (type 1).
Non-price determinant causing the demand to decrease
more people embreance an oil free diet
Non-price determinant causing the demand to increase
more people use oil for skin and hair care
doctor recommend the use of saffower seed oil
new reports about benefits
