Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
- Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.
Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
- Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.
A conflict based on power struggle involves people fighting for control and status. A conflict based on personality difference are people who have different habits or attitudes.
Hope that helped x
Supply refers to the amount of the good or service able to be supplied. Demand refers to the public’s want of the said good or service. Supply and demand are interconnected because if the supply is low, the demand will be high and the price will rise. If the supply is high, so there are many of the said item or service, then the demand won’t be as high since there is a surplus in supply which leads to lower prices to entice consumers to buy still.
Answer:
The Gross Domestic Product of the territory is $ 172 million.
Explanation:
The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:
(1)
Where:
- Consumption.
- Business investments.
- Government expenditures.
- Government entitlements.
- Exports.
- Imports.
Please notice that positive sign represents money that has entered into the economy of the territory.
If we know that 
, 
, 
, 
, 
and 
, then the GDP of the territory is:
The Gross Domestic Product of the territory is $ 172 million.
1.the base price
2.returns per year
3.ceo mindset
4.balance sheet records
5.assests of the company
