How to copy and paste and be creative
Based on the given scenario above, if it is in the context of expectancy theory, the promotion has a negative valence for Alex. Negative valence means that the situation or event that a person is in results into or giving an effect to an individual that are likely negative-- in which the proposal gives as it affects his health more.
Answer:
Equilibrium quantity Increase
Explanation:
Equilibrium quantity is the level of supply that's meet the market demand of a product. At equilibrium quantity, there is no excess supply nor shortage in quantity supplied.
Should the cost of producing wheat decline, farmers will supply more wheat in the market. An increase in supply without a corresponding increase in demand results in reduced prices. Many suppliers will complete with few buyers. Due to a decline in prices, the equilibrium quantity increases because farmers will sell more quantities at the new low prices. The supply and demand curves will intersect a higher position in the graph, reflecting the new point where increased supply meets the demand at lower prices.
There are four given basic economic questions and these serve as a guide on the production of goods and services. In the given scenario above, the basic economic question that they are answering would be how to produce. The correct answer is option A. This question applies since resources are also limited. And they must make a way on how to produce enough goods and services from limited resources. Hope this helps.
Answer:
limited.
Explanation:
We are forced to make choices in day-to-day life because of limited resources.