Answer:
A. It is the point where the demand and supply curves intersect.
Explanation:
The term equilibrium is used in economics to mean balance. The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.
In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.
Answer:
The correct answer is C. The producer's price index in that area.
Explanation:
The producer price index (PPI) is an indicator of the evolution of producer sales prices, corresponding to the first marketing or distribution channel of goods traded in the economy. The difference with the consumer price index (CPI) is explained because a good can be marketed or distributed by different intermediaries that will modify the sales price until it reaches the final consumer.
Answer:
solicited the bank’s client.
Explanation:
In order for Lisa to have committed solicitation and violated Standard VI(a), she must have actively searched for the bank's former client. The text states that a former client of the bank hired her, but it gives no indication that Lisa went after him. Also, Lisa is no longer working for the bank, if any of the bank's clients looks for her, she isn't doing anything wrong.
Answer:
Option A, Randomization
Explanation:
Extraneous variables can be taken care of through randomization or random sampling. In random sampling, the extraneous variables are not deleted instead their equal distribution is ensured. Random sampling increases the external validity and generalize the population.
Hence, option A is correct
