Answer:
B. A receipt.
Explanation:
A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.
Answer:
d. shifts in market psychology and successive waves of irrational exuberance.
Explanation:
Bubble in respect to financial market means an unexpected and non-explainable reason. This although the economists believes arises because of the emotional attachment and effects on an asset. As for example: when an asset is made using the specific raw material which is discovered to be precious in the terms it is ancient then, automatically the price of the asset increases in the market.
Thus, this is nothing but a market psychology that is basically an effect of emotional concerns of individual mindset, which is irrational.
This theory is explain by Keynesian the economists.
Answer:
Option (a) is correct.
Explanation:
According to the law of demand, there is an inverse relationship between the price of the product and the quantity demanded for that product. Hence, if there is an increase in the price of the good then as a result this will decrease the quantity demanded for the good and if there is a fall in the prices of the goods then as a result the quantity demanded for the goods increases.
Therefore, the change in the price level of the goods represents the cause and its effect is the change in the quantity demanded for the goods that a consumer want to purchase.
Producers
<span>hope this helps!!!</span>
