Law of demand
The regulation of demand for states that because the rate of a great decrease, the amount demanded of that correct increases.
<h3>What are the five Determinants of Demand?</h3>
The five determinants of demand are:
- The rate of the goods or service.
- The earnings of consumers.
- The expenses of associated items or services—both complementary and acquired together with a selected item, or substitutes sold rather than a product.
- The tastes or alternatives of customers will pressure demand.
- Consumer expectancies about whether or not charges for the product will upward push or fall withinside the future.
For combination demand , the wide variety of customers withinside the marketplace is the 6th determinant.
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Warm water. The higher the temperature or thermal energy, the faster the molecules move.<span />
The principal-agent problem could be defined by saying that it is an agent who benefits from the effort of others without having even participated in the joint effort. It is a concept that is to be linked more broadly to the problems of information asymmetry.
<span>The term moral hazard refers to a type of market failure where the existence of insurance against a certain risk increases the likelihood of the occurrence of the event causing the risk.</span>
<u>The right answer is:</u>
Principal-agent problem matches with 2
Asymmetric information matches with 3
Adverse selection matches with 4
Moral hazard matches with 1
