The reason that cartoon caricatures of politicians in which
exaggerates certain characteristics are persuasive mainly because of its
iconicity. Iconicity is being referred or used in means of having two aspects
that share a resemblance or similarity to each other as a way that it has a
resemblance in order to produce the meaning to a different manner or way.
Answer:
Minimize is the correct answer for plato users
Explanation:
The answer is C. Increased demand
Answer:
The answer is: Not reliable because consumers know less than suppliers about used car quality.
Explanation:
Predictions using the supply and demand (S&D) model are reliable when:
- companies sell identical products,
- everyone involved (suppliers and consumers) has full knowledge
- about the price and quality of the products or services being offered,
- both the suppliers and consumers are price takers (have no control to dictate prices), and
- the costs of trading are low
If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.
This social cost is called deadweight loss or excess burden or
allocative inefficiency. It is linked with the distortion in consumption
resulting from monopolized pricing. Deadweight
loss<span> is the descent
in overall surplus that results from a market distortion, like tax for example.
In economics, it is defined as a damage in economic efficiency that can happen when equilibrium
for an amenity is not attained or is considered unachievable</span>
