The present selling price corresponds to the equilibrium price of the product.
- We can observe that the equilibrium price is $400, and the equilibrium amount provided and required are both 4000. Because the current selling price is $400 and the equilibrium price is $400, we may conclude that the current selling price corresponds to the product's equilibrium price.
- The law of demand states that if more people want to buy something and there is a limited supply, the price of that item will rise. Similarly, the greater the price of an item, the less it will be purchased by consumers.
- The law of demand helps us understand why things are valued the way they are and to discover chances to acquire perceived underpriced (or sell perceived expensive) items, assets, or securities. For example, a company may increase output in reaction to higher prices caused by increased demand.
Thus this is the meaning of law of demand.
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Answer:
There was no going back. This is the story of the removal of the Cherokee Nation from its ancestral homeland in parts of North Carolina, Tennessee, Georgia, and Alabama to land set aside for American Indians in what is now the state of Oklahoma.
Answer:
The correct answer is letter "B": variable levies and export subsidies.
Explanation:
CAP or Common Agricultural Policy (1962), is a set of <em>subsidies</em> given to European Union (EU) farmers so they can guarantee enough production levels for consumers within that continent, and acceptable conditions of living for the producers. The CAP keeps fixed prices for agricultural products within the EU though, above the regular sale price on the world market. The EU collects also import levies on agricultural products to protect the consumption of the locals.
Since there isn't a list to choose from I will list several:
1. If costs to produce a product increases then the price will increase, less consumers will purchase it so a increase in supply will be the result.-cost of input
2. If workers to producemore, then supply will increase. -productivity
3. new technology, such as the DVD player, caused an increase supply of VHS players because consumers want the newest technology
4. an increase in taxes will result in less consumers purchasing the product so supply will increase
5. a government payment to protect an industry will cause an increase in production. - subsidies
6. If a producer expects a product to be in demand, they will increase production.
7. Government regulations . Government may deem a product unsafe.
8.
Answer: There are multiple benefits to poultry farming.
Explanation:
Poultry farming is a significant factor in production. The benefits are multiple. In the first place, poultry farming produces eggs, meat, and quality fertilizer that can be used for agricultural purposes. By comparison, a hen that lays eggs a year can lay close to 300 eggs, about 4 kilograms of food ready for consumption. Poultry meat is of exceptional quality and has a higher amount of amino acids than other animals. From poultry farming, there is a benefit in using feathers from which blankets and clothing can be made. Raising poultry is much simpler and more economical than raising cattle.
