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jeka94
3 years ago
12

Define the law of demand in a perfectly competitive market

Business
1 answer:
xz_007 [3.2K]3 years ago
3 0
Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
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If both supply and demand increase at the same time, then __________
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Answer:

A

Explanation:

the price of product will increase

7 0
2 years ago
Which of the scenarios best reflects the meaning of the term inflation targeting? a) In anticipation of the upcoming election, t
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Answer:

b) A central bank is expected to achieve a 3% annual inflation rate

Explanation:

Inflation targeting is a type of monetary policy where the central bank of a country sets an inflation rate as its goal or target.

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Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
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Answer:

3.76 times

Explanation:

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This is the answer but the same is not provided in the given options

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3 years ago
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Answer:

The correct answer is option e.

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The GDP of a country is the value of final goods and services produced in the geographical boundaries of a nation in a year. It does not include the value of intermediate goods produced. This is because it may lead to double counting. So the value of intermediate goods is included as a part of the value of the final good. It also does not include the value of services provided by homemakers.

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3 years ago
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