Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!
customer complaints and suggestions
Answer: Increase by $250
Explanation: As per the general rule of economics when there is an increase in income, that increase will eventually lead to increase in expenditure.
As, there is an increase in investment in the given case so it will result in increase in income for the economy.
We can compute it as :-
= $250
Therefore, the expenditure would increase by $250
Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
<h3>What is consumer protection laws?</h3>
The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.
One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.
In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
Therefore, the Option B is correct.
Read more about consumer protection laws
<em>brainly.com/question/1862829</em>
Answer:
Consumer surplus is a degree of welfare that people gain from consuming goods and services in a free market.
The informatio needed is the market price of the good or service, and the amount of good consumed. Is necessary too information about the demand curve.
Explanation:
In a free market are millions of consumers that has different preferences for good and services. Some of them are willing to pay more or less than the market price. The consumer surplus is the welfare produced by the lower price that consumers that are willing to pay more, actually pay.
For this analysis is required the demand function, the market price and the equilibrium quantities.
Example: if I love apples, and I'm willing to pay 5 dollars for a kilo, but in the fruit market the price of a kilo is 1 dollar, the market conditions offer a welfare situation where I pay less for something I actually value more.
