It is commonly understood in economics that competition lowers prices by having companies fight each other for the consumers earned dollars.
A cartel is, then, an organization that exists for the purpose of controlling the supply and production of an item in order to fix the price.
By eliminating competition, a cartel is able to dictate to the market what they believe is an acceptable or desirable price.
Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will respond to this price change by increasing the consumption of tuna as his purchasing power will increase.
Whenever the price of a commodity is decreased, it increases the purchasing power of the consumer and hence the consumer will increase the demand of the goods as well. The consumer will be able to save more money as their expenses are reduced.
According to the law of demand and supply, demand and supply are related to each other and also affect the price of the commodity. The price tend to increase when the supply is lower than the demand and the price tend to increase when the supply exceeds the demand.
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<span>Skip was using formal reasoning in this instance. By looking at evidence taken from the past and applying it to the current situation, Skip was able to deduce that this was probably not the proper reaction or conclusion to derive from the girl's words or actions.</span>
Answer:
Less diverse
Explanation:
The Bahamas are a small developing country and their economy consists basically of tourism and the financial system. On the contrary, the US has the largest economy in the world, extremely diversified with manufacturing, technology, a strong service sector, and the developed financial market.
Answer:
<u><em>The answer is</em></u>: <u>C. the clerk.</u>
<u />
Explanation:
<u>Lawyers of the Administration of Justice
</u>
They direct the Judicial Office exercising, among other things, the direct leadership of all personnel. Therefore, they direct and order the work, respond to the proper functioning of the office, prepare the statistics, inform the competent authority of the needs of personal and material resources of the office.
The lawyers of the Administration of Justice are public employees under the dependence of the Ministry of Justice.
<u><em>The answer is</em></u>: <u>C. the clerk.</u>
