Answer:
The correct answer is that the price of the product will decrease in order to meet the equilibrium
Explanation:
Equilibrium point is the point where the quantity supplied is equal to the quantity demanded. And the equilibrium price as well as the quantity is evaluated through the intersection of the demand the supply.
When the quantity which is supplied is greater or more than the quantity demanded, it will create a situation of surplus. And if the product price is decreased or lowered down, then the quantity demanded of the product will increase or rise until it reached to equilibrium. In short, the surplus drives the price down.
Answer:
the ultimate goal of marketing communication is tho increase sales of your company's products and services
Answer:
Yes, the contract is still valid.
Explanation:
Let us first clarify some terms first.
A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.
Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.
Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.
Therefore, as regards to the date on the letter, the contract is still valid.
I had to look up the term "bear market" because I was unaware of what it meant.
Bear Market = a market where prices are falling. This type of market encourages selling.
Answer: I think that because it stated in the problem stable companies were still affected, that means that Bellwether Company will be affected by the bear market falling prices. Therefore, I hypothesize that because the stock market it experiencing a bear market Bellwether's prices will continue to fall.
Did that make sense?
Answer:
a) increase spending on grants for small businesses.
Explanation:
Government spending which is an expansionary fiscal policy will stimulate the supply side of the economy and by extension create more jobs.
When government spending is targeted at small businesses which is the engine of growth, it will in no small measure generate more activities in goods produced by the small businesses thereby reducing unemployment.
