The correct answer is letter D. The best way to handle a problem is to take care of the problem as soon as you notice it. This is a very good form of avoiding the conflict or the problem to get bigger and affect more than it's supposed to. People who know how to do this live happier and more contented lives.
If the price of a product is higher than the equilibrium, there will be a surplus.
Option: A
Explanation:
Market equilibrium is reached when demand and supply curve intersect means there is an equal balance between demand and supply of the product in market. When the price of a product is higher than the equilibrium there will be a surplus of the product.
When producer produced enough product in comparison with demand what will happen? Producer will obviously sell his product in lower prices to make his stock clear. And when he lowers the price of product it will create huge demand means surplus of the product in the market.
Answer:
Real and nominal inflation
Explanation:
When comparing the costs of inflation to society, it is important to distinguish between real and nominal inflation.
In economics nominal value is measured in terms of money, whereas real value is measured against goods or services. In contrast with a real value, a nominal value has not been adjusted for inflation, and so changes in nominal value reflect at least in part the effect of inflation.
Answer:
Culturally rich and involved in industry, manufacturing, and commerce.
