Answer: A. Aggregate demand does not affect the quantity of output.
Explanation: Aggregate supply curve is perfectly vertical in a long run, Economist believed that the changes in aggregate demand only caused a temporal change in an economy output
Aggregate supply in a short run, the quantity supplies increase as price rise.
Aggregate demand does not affect the quantity of output If the aggregate supply is vertical.
Answer:
Excess demand
Explanation:
The equilibrium price is the price at which demand equals supply.
If price is below equilibrium price, it means the price is lesser than the equilibrium price, therefore the quantity demanded would increase.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If price is below equilibrium price, the quantity supplied would fall.
I hope my answer helps you.
Answer: Option C
Explanation: Social capital refers to the additional success an organization get due to its positive relationships and communication network both within and outside the organisation. It is not a decision making but an ongoing process and is considered necessary in modern business environment.
The media houses could affect the business operations at a high level. Thus, positive relationships with the media houses can bring the organisation an edge over its competitors.
As it is related to relationship building and management it could be facilitated by the social capital.
<span>the exclusive possession or control of the supply or trade in a commodity or service.</span>
