When there is a price floor in the market, this usually means that the sellers of the good or service outnumber the buyers.
<h3>What is a price floor?</h3>
- It refers to an amount that the price of a good is not allowed to fall below.
- It is imposed by the government to prevent market failure.
The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.
In conclusion, option D is correct.
Find out more on the law of demand at brainly.com/question/1078785.
Answer:
B. conformity
Explanation:
Conformity is a term in psychology that describes the tendency of a person(s) to adopt the behaviour of the people around them or of the people in a group they belong to.
Monica adopted the behaviour of her group of friends.
Labelling theory postulates that individuals may adopt the characteristics of the labels people use to describe them and this may shape their identity.
Differential association theory states that people learn how to become criminals by interacting with people.
Answer:
FALSE
Explanation: GDP( GROSS DOMESTIC PRODUCT) is a Macroeconomics concept which means the total value of a country's product calculated within a specific time.
REAL GDP: is a measure of the values of a country's products adjusted according to inflation.
POTENTIAL GDP is theoretical concept which is the value of what a country can produce at a constant inflation rate.
When REAL GDP IS GREATER THAN POTENTIAL GDP THE COUNTRY IS AT MORE THAN FULL EMPLOYMENT.
Answer:
1. Causes: commercial production of many chemicals massive use of chemicals in food, agriculture, medicine, and industry
2. Consequences: increase in reproductive disorders contamination of soil, air, and water bioaccumulation and biomagnification of toxins in the food chain.
3. Solutions: consumer choice of low-toxicity products stricter regulations requiring that consumer products be thoroughly tested before being released to market.
Explanation:
This factors could lead to more toxic substances being released into the environment (causes), the consequences that result from toxic substances in the environment, and possible solutions to save environmental degradation.
Answer:
The correct answer is b) Polycentric Company
Explanation:
Polycentric refers to having more than one centre and as a multi-national Company, Delwazic Inc. is producing different goods for certain countries.
The company believes that every market is unique and in order to penetrate the market, they need to produce local goods that are able to match the demand. This is a very polycentric approach that is popular among some of the largest companies in the world.
An example is that of Coca Cola, which has incorporated itself in different parts of the world and produce local products for specific markets.
