Answer:
Apples supply increase imply new equilibrium at lower price, higher quantity. Demand downwards expansion on the curve itself is due to lower price.
Explanation:
Market is at equilibrium where Market Demand = Market Supply, & downward sloping demand curve intersects upward sloping demand curve.
If supply of apples increase & supply curve shifts rightwards, there is Excess Supply at previous equilibrium. Excess Supply creates competition among sellers, reduces new market price.
At lower price, demand expands & supply contratcs. New Equilibrium quantity is higher where new (rightwards shifted) supply curve intersects demand curve.
Quantity demanded increases (expands - downwards movement on demand curve) due to lower price, despite of no change in demand.
Based on economic situation analysis, the Firms in an oligopoly often "<u>make decisions based on the behavior or expected behavior of their competitors</u>."
This is because firms in an oligopoly tend to act <u>inter-dependently.</u>
This implies that the firms in oligopolies can act together to fix prices to maximize the possible profits in their industries.
Oligopoly is a term in economic theory used to describe the market condition whereby the smaller number of firms are producing a commodity.
Hence, in this case, it is concluded that the correct answer is option C. "make decisions based on the behavior or expected behavior of their competitors."
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I think that answer is 1.5
Answer: Externalities occur when the actions of an individual or group spill over onto others, without their consent.
Explanation:
By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.
Externalities can be either negative or positive. A positive externality for instance would be bees from a bee farm pollinating flowers in the environment.
A negative externality would be air pollution from China for instance contributing to global warming effects experienced in Northern Africa.
The federal regulations at 45 CFR 46 provide additional protections for subjects who are workers/employees to protect them from potential risks of harm. The statement is True.
<h3><u>
What is 45 CFR 46?</u></h3>
- There are five subparts in the HHS regulations for the protection of human subjects in research at 45CFR 46.
- A comprehensive set of rights for study participants are provided by Subpart A, generally known as the Common Rule;
- further protections for specific populations are provided by Subparts B, C, and D; and IRB registration requirements are outlined in Subpart E. Subpart A of the Common Rule has recently undergone revision.
- Additionally, OHRP offers an annotated version of the Common Rule that indicates differences between the Common Rule's pre-2018 and 2018 editions.
The U.S. Department of Health and Human Services (DHHS) established these rules to safeguard individuals from the hazards involved with research studies that any government agency or department participates in.
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