Answer:
the quantity of a good or a service that people are willing and able to purchase at different possible prices.
Explanation:
The demand concept would be refer to the various quantity amount in which the people are willing and able to buy at various prices so the demand concept deals with the goods or service quantity in which the purchaser would purchase at various prices that can be possible
Hence, the above represent the answer
For the answer to the question above, they are based on the renewable and exhaustible resources of the earth that is according to the worth of natural resources in contemporary economics. Examples of exhaustible or nonrenewable resources are oil and coal. You can't replace them when they are depleted completely. On the other hand, the renewable are resources is like labor
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
Answer:
Similarities between Free Market Economy and Command Economy
Both economies have similar economic players including consumers and producers, services and goods and money and labor.
