try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.
you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).
a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should
Answer: sorry hvfhbhdbhdbhb
Explanation:
Answer:
The minimum wage creates unemployment among young and unskilled workers.
If the price of a product in a market decreased, other things equal, quantity demanded will increase.
There is a tradeoff between inflation and unemployment in the short run.
If consumer income increases, other things equal, the demand for automobiles will increase
If interest rates increase, investment will decrease.
Explanation:
Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.
It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand
a tradeoff between inflation and unemployment in the short run is known as the Phillips curve
Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
There are different types of goods, and the price of a good will determine the purchase, tortilla chips and salsa are complementary goods.
What are complementary goods?
A complementary good are goods that have similar use or are related to another.
These goods can be used together at times, or used separately.
Therefore, tortilla chips and salsa are complementary goods because salsa can easily replace tortilla in case of high price.
Learn more on complementary goods here,
brainly.com/question/1268536
Answer:
1. b. Tax homeowners who plant trees.
2. Win - society and consumer
Loose - tax payers and producers.
Explanation:
1. a). If the good creates a positive externalities, then the 
from the good.
In the context, the following would not help to correct the problem :
Taxing the homeowners who plant the trees.
If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.
2. If the government pays for the program that helps to increase the planting the trees, then,
the one who will win from this program is : society and the consumers
the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.
