<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
-Ming Dynasty.
-Zhu Yuanzhang's army eliminates the military forces of the Yuan Dynasty.
-Zhu declares himself the emperor of China.
-Construction on the Great Wall of China begins.
-Maritime trade is banned in China.
-Construction begins on the Forbidden City.
-The fourth Chinese domination of Vietnam begins.
A letter to the manager of the electricity company:
To
The Manager,
ABC Power Company
Subject: Letter to compliant about regular power cut in the South Delhi, New Friends Colony.
Respected Sir,
This is to inform you that I am a residence of New Friends Colony, South Colony and I want to draw your kind attention towards our colony problem. Our colony is facing the problem of regular power cut in this heating summers which causing the routine life of the residents of this colony.
It is my humble request you to pay your attention on this problem and resolve it with the immediate action.
Faithfully
X.Y.Z
Rara National Park and Shey Phoksundo National Park
<span>How does consciousness influence the human behavior? Consciousness helps shape behavior when there are </span>non present factors regarding it. Social media and different cultural backgrounds can also influence human behavior. What we surround ourselves with and how they pertain to our individual lives demonstrates different ways that consciousness can shape different people and their behavior.