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Naily [24]
3 years ago
6

John just started his vacation from work and scheduled a tee time with friends to play golf monday morning. on monday morning he

started driving his car to work instead of the golf course. driving his car to work instead of the golf course is an example of:
Business
1 answer:
Mice21 [21]3 years ago
5 0
<span>John's mistake of driving his car to work, instead of to the golf course to play with his friends, is an example of habitual behavior. John has developed the habit of driving to work during his work week. Even though he is now on vacation, he falls victim to habitual behavior and proceeds to the incorrect destination.</span>
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Pikachu means what ​
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Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off i
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8 0
3 years ago
The law of supply indicates that:A)the product supply curve is downsloping.B)consumers will purchase less of a good at high pric
vova2212 [387]

Answer:

C) producers will offer more of a product at high prices than they will at low prices.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

The law of supply indicates that producers will offer more of a product at high prices than they will at low prices.

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

8 0
3 years ago
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