1. I think businesses seek an equilibrium price because D. It prevents shortages and surpluses by producing the right number of goods for the right price. Equilibrium price is the market price where goods supplied are meeting goods demanded. It's the point where supply intersects demand.
2. I think the main reason why market prices are not always the same as equilibrium prices is: A. Market prices are often set by buyers rather than by sellers. Equilibrium price is a compromise between supply and demand. But the market price can be higher because sometimes customers ready to pay more, because they think like that: "more expensive=better".
3. I am definitely sure that this is the answer: B. Higher prices cause supply shifts. Higher price = less consumer demand. Consumers won't pay more for the same product if they know that it could be cheaper than its market price. Consumer demand is very important in forming market prices.
There's three possible answers I found. The first one being that they worked in a bike shop, the second is that they were self taught, and the third is that there was this guy named Charlie Taylor who worked for them and he pretty much built the engine of their first planes
Answer:
decomposition
Explanation:
This is a technique used to divide and subdivide the scope of the project and the future to deliver, in smaller and more manageable parts. It is defined what work is going to be done and which is not. It is a hierarchical decomposition oriented to the deliverable product of work and achieve the objectives of the project.
Latin terms "a priori" and "a posteriori" are the philosophical phrase that Immanuel Kant popularized and made possible their widespread use in his work "Critique of Pure Reason". Much earlier, before this popularization by Kant, these terms are used in Latin translations of Euclid's Elements, about 300 BCE.
These terms are used in relation to reasoning and conclusion, which distinguish "premise" conclusions from those that come after, conclusions based on sensory observations.
A Priori conclusions are independent of experience, for example 4 + 5 = 9, and result from pure reason. We do not need experience, but reason.
A posteriori conclusions come from experience and empirical evidence. They necessarily imply a general conclusion, for example, Civil War in America ended in 1865. If this is true we must conclude on the basis of an empirical fact that can not be recognized only by reason, and comes a posteriori.
So, "a posteriori" phenomenon is the answer.
