Answer: "mania" ; or, "manic episodes".
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<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Abraham was 100 years old and Sarah was 90 years old.
Answer: The appropriate motion for either of the parties to file is MOTION FOR SUMMARY JUDGEMENT.
Explanation: Motion for summary judgement is a request made that begs a court to determine a case that no factual issue are in dispute and that the case is to be decided in favor of one party or the other based on the legal issues surrounding the case. This judgement involves a court ruling a case on at least one claim.
In this question, since both are in agreement as to what happened during the accident, summary judgement will be made on their interpretation of the state law affecting who had the right of way when they collided.
