Answer: D) buyers would scramble to get all available widgets.
Explanation:
The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1 there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market
Answer:
30 days.
Explanation:
It is illegal for the landlord to deduct from the security post because it belongs to the tenant. But if there is any damage or breach by the tenant, the landlord can deduct the security post. In this case there must a 30-day advance notice stating that the tenant will forfeit the right to security post.
Answer:
The correct answer is letter "B": The price will not increase but firms will increase the quantity supplied to promote the social interest.
Explanation:
Perfectly competitive markets are characterized by having companies offering an undifferentiated product, being price takers because firms posses a small market share which does not allow them to have a major influence in the price, and by free entry and exit of competitors.
Then, <em>if there is a shortage of clean drinking water in a local market that is perfectly competitive, the shortage would not last much since new producers would enter the market to process water so it can be offered purified. As drinking water is a basic good, the number of organizations entering the market is likely to be substantial.</em>
When you buy a U.S. government savings bond, you're doing so under the power given to Congress to "<span>b. regulate commerce." Regulating commerce will help you be able to understand the flow and process of the country's economy at the same time your business' security.</span>
The answer is:
high wages
good benefit package
safe work environment
Incentives is given by company to influence its employers to dedicate themselves to a certain task for the company.
The incentives could come in a form of monetary (related to money) , or non-monetary (other than money but still bring positive financial value to your life)
