Answer: Consumer share risk with company.
Explanation:
Insurance involves the sharing of risk between a client and his insurer. In insurance the insurer takes a large portion of the risk while the client covers the rest of risk payment.
The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases. </u>
In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. <u>This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicke</u>r, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.
They differ in their difference threshold. This is being defined when their sensory stimuli is different, making the individual perceive them also, as different. This occurs in the scenario given above for Susan couldn't hear the level 7 volume when Mary could already hear it.
D is the correct answer.
Servant leaders can't lead if subordinates are not open to being guided.
Please vote my answer brainliest. thanks!
Answer:
The money supply should be set at 800
Explanation:
In this question, we are asked to calculate the value at which Fed should set the money supply at after fixing the interest rate at 7 percent.
We proceed as follows;
Let the new money supply be M.
To fix the interest rate at 7%, r= 7 and P = 2
(M/P)d = 2,200 - 200r
= 2200 - 200(7)
=2200-1400
= 800
M = 800
