This statement is WRONG.
The supply curve is an upward-sloping function that determines the relationship between price and quantity supplied. Therefore, if the quantity supplied changes, this would trigger <u>a movement along the curve (and not a shift!). </u>
- An increase in the quantity supplied corresponds to an increase in the selling price of the product. Producers are willing to supply larger quantities when the price is higher. This proves why the slope of the curve is positive.
- On the contrary, a decrease in the quantity supplied corresponds to a decrease in the price.
Answer:
Roger Sherman created the great compromise.
Answer:
Life-Cycle service
Explanation:
Imagine that Joseph is an 18-year-old adolescent who lives in Europe during the 1500s. Joseph recently moved out of his family’s home and into that of an expert carpenter to undergo a 7-year apprenticeship. Joseph is experiencing what historians would call life-cycle service.
The above para narrates the explanation of what life-cycle service involves and specify when it was most common in western cultures.