The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.
An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.
What's equilibrium price and demand?
The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.
What's particular approximately an equilibrium price?
An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.
What's the maximum essential characteristic of the equilibrium price?
The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.
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Answer:
True. as land is limited and the technology can be developed and used for good.
Explanation:
- Every economy has resources and the better the economy uses these resources the better is the production and consumption of the resources, the only need is the potential to develop the resource as the middle east has developed the use of desalinated water technology to clean the salted water and thus create a valuable resource.
- The resources are there and one needs to develop them to there full potential with the help of technology that may be transferred from any other nation or territory as a form of the technology transfer.
Answer:true
Explanation:
Because dividing tasks get more accomplished faster
Answer:
c. Individual
Explanation:
Debby in presenting her complaint before the authorities should categorise it under individual complaint because she was the only person not old about the major changes made by management.
She will also report the negative bias she is noticing. Negative bias is the tendency for people to pay more attention to negative occurrences than positive ones. So if she has noticed signs of negative bias it should against her person.
