Answer:
scarcity is the fact that people must make choices as they try to attain their goals.
Explanation:
- Scarcity is a commodity's lack of availability, and may be in consumer or commons production.
- Scarcity often includes a lack of resources for buying goods from a person. There is plenty to the reverse of lack.
- Scarcity provides limited resources than is required to fulfill human needs and desires.
so, we say that scarcity leads to dissatisfaction.
therefore the right answer is Scarcity.
Answer:
0.75
Explanation:
The cross price elasticity measures how a change in price of one good affects the quantity demanded of another good
Cross price elasticity = percentage change in quantity demanded of pens / percentage change in the price of pencils
percentage change in quantity demanded of good A = (150 -100) / 100 = 0.5 = 50%
percentage change in the price of good B = (2.50 - 1.50) / 1.50 = 0.67 = 67 %
Cross price elasticity = 50% / 67% = 0.75
I hope my answer helps you
Answer:
$220 per month
Explanation:
Property A : Cost per Month = $2,250
Property B: cost per month
Rent : $1,800
Utilities: $150
Area charges $120
Quarterly taxes per. month $400
(1200/300)
Total cost per month <u> $2,470</u>
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The difference will be $2,470 - $2,250 =$220
Answer:
Monopoly
Explanation:
When one firm/organization monopolized an entire market, they can increase the price on their product as they have no competition.
