Answer:
C. <u>shortage</u>; <u>elastic</u>; <u>the same number of</u>
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price. When quantity demanded changes less relatively to change in price, it is termed as inelastic demand while when the change in quantity demanded is lot more than the change in price, it is termed as elastic demand.
In the given case, after the upper limit price has been capped and fixed, this would create a rush and tickets for the sports events would be sold off since the quantity demanded would rise.
This would result into a shortage since demand shall exceed supply and since the price cannot be raised above $50.
The more elastic the demand, more shortage of tickets it would result into and the same number of people will attend the events i.e the seating capacity is not increased.
Answer:
The correct answer is $250 billion.
Explanation:
An economy is operating at an output level of $4,000 billion.
The potential output level is $5,000 billion.
The marginal propensity to consume is 0.75.
The recessionary gap is
= $5,000 billion - $4,000 billion
= $1,000 billion
ΔY = 
$1,000 = 
$1,000 = 
$1,000 = 
ΔG = 
The change in income required to correct this recessionary gap is $250 billion.
Answer:
Right option is A
Social Gatherings, Family Outing, Evaluating
Explanation:
An integral part of the success of a marketing strategy is sales force management. Sales force management consists of the following actions: -
1)Recruiting is the center of effective sales. One approach to choosing is to ask the customer what characteristics he is looking for in a sales representative. Companies are developing a selection process where behavioral and managerial skills are tested.
2)Training is important to stay ahead of the competition. The sales department must undergo training before entering the market, as well as training at different stages of the product life cycle.
3)Sales supervision is determined by the product portfolio profile. General control is conducted in relation to sellers dealing with potential customers. Another observation is related to effective time management from preparing a client’s call to closing a deal.
4)Motivation is a key aspect of sales force management. Here, compensation plays an important role in increasing motivation. Compensation may be awarded based on a sales quota. Other motivational tools are social gatherings and family walks or outings.
5)Evaluation is essential for managing your sales team. Sales reports submitted by the sales department provide a good starting point for evaluations.
Answer:
True
Explanation:
A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.
The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.
Foreclosure or repossession:
The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.
