Answer:
d. normal; left; fall
Explanation:
A shift in the demand curve of a product results from a change in other factors except from price. It results in a change in quantity demanded at all prices.
A shift to the right will result in an increase in quantity demanded at all price levels, while a shift to the left results on a decraese in quantity demanded at all price levels.
This is illustrated in the attached diagram. When there is a sudden decrease in income, it will result in less money available for buying baseball's.
The customer is only willing to buy at a lower price and quantity they can buy also decreases.
In the diagram there is a fall in price from P to P1, and a fall in quantity demanded from Q to Q1
Answer:
If your nominal wage rises but you think that it automatically means your real wage rose, then you are suffering from money illusion.
Explanation:
In money illusion, one thinks money is nominal rather than real.
Answer:
Reducing cost
Explanation:
Competitive advantage is defined as the edge a firm has over others that results in greater profits.
It can be as a result of technology, price, cost reduction, or quality.
In the given scenario where an organization implements an information system to optimize its supply chain by decreasing wastage, it is reducing its cost as a way of gaining competitive advantage over other companies.
Cost is the primary basis for accounting for inventories. Sum of the expenses and charges incurred in bringing an item to it's existing condition and location.
Answer:
False
Explanation:
Locus of control is the believe that external forces have control over the outcome of events in their lives. Internal locus of control is a believe that one can control one's life that is, the effect of external forces are primarily from their own actions while external locus of control is a believe that one's life is controlled by external forces or factors which one cannot influence that is, chance or fate controls their lives.
She is demonstrated an external locus of control by letting her friends' opinions control her actions, and then blaming them for her decision.
