Answer:
Explanation:
ECONOMIC ACTIVITIES:
1. Wealth producing activities.
2. Satisfying human wants.
3. Money income
MANS SOCIAL LIFE:
1. Man is a social animal . He has a natural urge to live an associated life.
Answer:
a. Hermann Ebbinghaus
Explanation:
Hermann Ebbinghaus (1885) was a German Psychologist who introduce the experimental study of memory, using himself as the single subject in his work.
I think because it is a fun sport and interesting to watch i guess
Answer:
The correct answer is a. the equilibrium quantity decreases, and the equilibrium price is unchanged.
Explanation:
A perfectly elastic demand is an extreme case in which quantity demanded falls to zero with any increase in price, and increases to infinity when price drops.
Now we have this relation clear, it is important to notice that the question is introducing a third variable, which is quantity supplied. When supply decreases, the price remains the same, since only at this price consumers buy the good. The only change that ocurred is related to the availability of the product in the market.
In a normal scenario, an elastic demand would respond to this decrease in supply, pushing the price up, since consumers are willing to pay more. But given that we assume that the demand is perfectly elastic, the price remains the same, otherwise demand would fall to zero.
What exactly are you trying to aim for ? Kinda confused
