Answer:
An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left....
Answer:
guy who is this and what is the cow ate grass and died in the middle of the night
Answer: C) total surplus is maximized.
Explanation:
Total surplus refers to the sum of both the producer and the consumer surplus.
When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.
At this point, all participants in the market will be better off which means both producers and consumers will be better off.
Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.
<h3>What is meant by inflation?</h3>
Inflation is the term used to describe the rate of price rise for goods and services.
It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.
The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.
Inflation can be viewed favorably or badly depending on the perspective and rate of change.
Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.
Inflation's primary causes include:
- Consumer-driven inflation
- Price-driven inflation
- more money available
- Devaluation
- increasing pay
- Regulations and policies
Benefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.
To know more about inflation refer to: brainly.com/question/15692461
#SPJ4
Answer: Option D
Explanation: As per the tax laws, the activities in which the taxpayer has expertise in and he or she is getting some kind of monetary benefit from performing it, then such activity will be seen as a business.
However, if the taxpayer do not repetitively perform an activity and derives no personal gain other than pleasure from performing such activity, then it will be a hobby.
Hence from the above we can conclude that the correct option is D.
