The given statement about the law of demand is false and the appropriate law is explained below.
<h3>What is Law of Demand?</h3>
This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.
With this in mind, we can see that the law of demand works with the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.
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Answer:
C) The theory of Comparative Advantage
Explanation:
The theory of Comparative Advantage is a theory of international trade and it comes into effect in a situation where the <u>opportunity cost of producing a good or offering by a service by a country is lower than that of other countries. </u>
Specifically, to understand the theory of comparative advantage the opportunity cost of production or offering a service has to be measured in terms of the trade off between those countries. It simply means when a country has the comparative advantage then it derives more benefits from other countries buying its products as compared to buying their products and vice versa.
In the question, the European Union has the Comparative advantage over South Africa because the trade-off between buying South Africa's edible fruits and nuts and selling other products to South Africa benefits the European countries.
European countries derive more benefits because South Africa buys their goods at a cost higher than it takes them to produce while they buy at the normal cost from South Africa. The <u>trade-off benefits Europe </u>
I would highly recommend either 1. Try to use larger words that has a high vocabulary level to them. It kinda works to fill the sentences better and make them feel more whole as well as take more time to read. You could also 2. Just go back and give it another read and try to find more information on the subject. Hope that helped
Answer:
<em>Holding Period Return = Required rate of return </em>= 16% = 0.16
<em>Holding Period Return of Technomess stock = ( Dividend realized + Capital Gain) / Purchase price</em>
= ( $ 2.40 + ( $ X - $ 52) / $ 52
= ( X - 49.6) / 52 (Assume X as selling price of stock)
0.16 * 52 = X - 49.6
8.32 + 49.6 = X
X = 57.92
= <em>$ 58</em> (Approx.)
Explanation:
Refer to the answer.