Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will respond to this price change by increasing the consumption of tuna as his purchasing power will increase.
Whenever the price of a commodity is decreased, it increases the purchasing power of the consumer and hence the consumer will increase the demand of the goods as well. The consumer will be able to save more money as their expenses are reduced.
According to the law of demand and supply, demand and supply are related to each other and also affect the price of the commodity. The price tend to increase when the supply is lower than the demand and the price tend to increase when the supply exceeds the demand.
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Answer:
Utilitarian love.
Explanation:
The word utilitarian was given by the judge and philosopher Jeremy Bentham, who believed that his principle would create a considerable amount of happiness for several people.
Utilitarian love: It refers to the rational and practical dedication to another person sharing emotional commitment and understanding.
Since, Juan and Maria believe that they make a good pair and are committed to each other, so they possess the utilitarian love.
Answer:
Things like social distancing, self-isolation, and travel restrictions have led to a large workforce reduction across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured goods has decreased drastically. In contrast, the need for medical supplies has significantly increased.
Globally, 73% of all respondents believe that conditions in the world economy will improve in the next six months. It’s the largest share to say so all year, while the share of executives expecting worsening conditions has shrunk by more than half in the past three months.
Answer: the lieutenant governor
Explanation:
