When the price for a good or service is high then supply increases.
Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.
The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.
When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.
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Answer:
First quartile labor market strategy
Explanation:
In the case when the organization wants to pursue when the organization is experiencing a funds shortage or has the enought number of workers or the rates of the unemployment is quite high
So this situation represents the first quartile labor market strategy
hence, the same is to be considered
Therefore the above is the answer
Answer:
$6,300
Explanation:
The computation of expenses that can be deducted is shown below:-
Expenses that can be deducted = Fee paid for club after getting contract(for 5 months) + Replacement cost + Travelling
= ($1,000 × 5) + $500 + $800
= $6,300
Therefore for computing the expenses that can be deducted we simply add Fee paid for club after getting contract, replacement cost and travelling and the rest amount is not relevant for computation.
Answer:
the mps is 0.10
Explanation:
Given that
Income increased from $3,000 to $3,500 per month
ALso she saved 10% and spend the remaining on other expenses
So, she saved $20,000
Now the marginal propensity to consume is
As we know that
MPS = change in saving ÷ change in income
So put the values
After putting out the values, the mps is 0.10
