Answer:
You need to get more points so you can ask questions.
Explanation:
You can do this by answering other people's questions
Answer:
B. shortage of 1,000 gallons per week
Explanation:
Price = $1
Quantity demanded = 2,000
Quantity supplied = 1,000
Shortage = Quantity demanded - Quantity supplied
= 2,000 -1,000
= 1,000 gallons per week
Therefore, As per question Quantity demand that is 2,000 and quantity supplied that is 1,000. So, in this given case the Quantity demand is more than the quantity supplied.
Hence, there is shortage of 1,000 gallons per week.
Answer: C. Reflects the inability to exclude an Individual from the benefits of someone else's purchase.
Explanation:
The Free-rider problem is a concept in economics that describes the fact that sometimes people benefit from goods and services that they wither did not pay for or underpaid for.
There has been a failure to exclude those individuals who are free-riding from the benefits of goods and services that other people are paying for. A simple example of the free-rider phenomenon is using Wikipedia. Most of those who use it do not contribute or pay for its upkeep in any way yet reap the benefits of its extensive information.
The correct answer is the agent and principal will be jointly and severally liable on the contract.
In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.
When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.
Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.
To know more about principal agent liability click here:
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