If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
The current price of $3 per pound is lesser that the equilibrium price of $6 per pound which means that their is shortage.
The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.
Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.
Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.
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The gross premium is the total premium paid by the policy owner, and generally consists of the net premium plus the expense of operation minus interest
Answer:
D. It is a fair and more reliable source of revenue.
Explanation:
Their tax base is reliable and the amount is tie to the person or business income, so more tax implies that the person is having higher income as well. This make it fair, because high-income taxpayers contribute more nominal amount than low-income taxpayers, but the rate is the same for both.
D is totally wrong. Both organizations issue bonds.
C is the best answer.
B is backwards. You want to get interest from an investment in bonds. You get a dividend from stocks.
A Bonds don't fluctuate much in value, depending on what kind they are. Bond holders don't usually like to see their bonds change value. If you want a change in value, buy stocks.
Yes it is social glue is important in all businesses
