The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
When the scenario is based with Sociologist Victor
Rodriguez, the reason that Jeff and Matthew participated in the riot was
because that they suffered from anger and frustration in which is because of
the fact that there is a presence of gasoline shortage.
Answer: experimental group; control group
Explanation:
An experimental group also called a treatment group in which involves a group is being exposed to receive experimental conditions, here the group is exposed to the experimental independent variable to test for reactions and the changes in reaction are being recorded.-----The group of children given special training to handle anger is the experiment group
A control group is a group which is isolated from an experiment in which the group is not exposed to any treatment conditions and reactions are recorded. The control group helps to check validity of the entire experiment conducted------ The group of children that do not receive the special training.
The correct answer is letter A.
Explanation: The revenues are recognized when they are realized and are earned.
When the purchase is made and the receipt for the purchase is received, this characterizes the receipt, proof of purchase, regardless of the purchase price. If evidences of the arrangement exist.
If the delivery has occurred.
All that means the revenue.
