Answer:
consumption of tea will <u>increase</u> , and marginal utility of coffee will <u>increase</u>
Explanation:
As Consumer consumes both tea & coffee, they are substitutes goods (which can be inter change-ably used by consumer).
Substitute Goods' price & quantity are inversely related. Such because -
- Price fall of a good makes it relatively cheaper & increases its quantity demanded, decreases other good's demand.
- Price fall of a good makes it relatively expensive & decreases its quantity demanded, increases other good's demand
So: Tea & Coffee being substitutes - If price of coffee rise, its own quantity demanded decreases & tea demand increases.
Coffee quantity demanded decrease means Marginal Utility of coffee will increase, as - MU decreases with more consumption quantity & it increases with less quantity consumption [as per Law of Diminishing Marginal Utility].
Correct answer choice is :
<h2>A) The law states that price decreases lead to greater demand and limited supply, which occur during excess demand.</h2><h2 /><h2>Explanation:</h2><h2 />
The law of demand states that conditional on all else being equal, as the price of a good increase, quantity demanded decreases; conversely, as the price of a good decrease, quantity demanded increases. The excess stock makes the price to fall and quantity demanded to rise. A reduction in supply will make an increase in the balance price and a decrease in the equilibrium amount of a good. Excess demand makes the price to rise and quantity demanded to decrease.
Answer:
William James
Explanation:
In psychology, William James has given the school of Functionalism. He has been considered as the first person to teach psychology in the U.S. He was known as the father of American psychology. He was highly influenced by the work of Charles Darwin.
Functionalism: William James had developed the theory of functionalism to search for behavior and consciousness. It was an effort to understand the mental processes of an organism. It is influenced by the Darwinian thinking that is being focused on the attention regarding behavioral purpose being modified over many years of human beings existence.
Answer would be a(n) indirect democracy.
