B) The household's demand for food to prepare dinner would be purchased on the market for labor.
How does the labor market work?
The labor market is where the supply and demand for jobs collide, with employees or labor delivering the services that businesses need. Any individual or organization that needs a person to perform a specific task or perform a job can be the employer, while the worker can be anyone who wants to offer his services in exchange for payment.
The employer then serves as the buyer, and the employee as the seller. The salary or wage that the employee and employer agree to receive from one another is a component that links the two parties.
Learn more about the market for labor with the help of the given link:
brainly.com/question/28830181
#SPJ4
Increases in real gdp would overstate the increase in the well-being of a country over time if, over that time period.
a. True
b. False
It is false to claim that increases in real GDP would overestimate the increase in a country's well-being over time if, over that time period.
What is GDP?It corresponds to a calculation of what is produced in an economy during a period. Although an increase in GDP demonstrates economic growth, this index is not enough to demonstrate the quality of life and well-being of a country as a whole, considering differences in income, etc.
Therefore, an index that would more effectively demonstrate the levels of well-being of a country would be the HDI, human development index, which covers levels of employment, income, education, etc.
Find more about GDP at:
https://brainly.com/question/1383956
#SPJ1
in infancy, growth spurts may occur in a single day and alternate with long time frames of little or no growth for days and weeks. True or False
True,in infancy, growth spurts might also occur in a single day and alternate with lengthy time frames of little or no growth for days and weeks.
Do boom spurts occur in one day?Growth spurts can manifest at any time, and every child is different. Growth spurts commonly ultimate a few days. Many babies are fussier throughout increase spurts and will choose to nurse longer and extra often, as a good deal as each 30 minutes.
Weeks or months of slightly slower growth alternate with mini "growth spurts" in most children. Kids definitely tend to grow a bit quicker in the spring than all through different instances of the year! A major growth spurt takes place at the time of puberty, commonly between eight to 13 years of age in female and 10 to 15 years in boys.
Learn more about growth spurts here:
https://brainly.com/question/25821562#SPJ4Due to your good credit, your bank reduces the interest rate on your 12,000 loan from 9% to 7.5% per year. Thanks to the change, how much will you save in interest this year?
The amount you will save in interest this year is $______________
Answer:
Explanation:
you have got a reduction of 1.5% (9%-7.5%) in your interest rate
So, if you multiply this value by the amount of the loan, you can know how much you will save this year.
Savings = $12,000 x 1.5%= $180
Another way to board the problem is the following:
With the initial interest rate of 9% you will would have to pay:
$12,000 x 9% = $1080
But now, with a reduced rated of 7.5% you only pay:
$12,000 x 7.5% = $900
Logically, the difference between these amounts will be what you save in the year
Savings=$1080-$900=$180
Who is al sharpton and what is his business
Al Sharpton is an American civil rights activist, Baptist minister, talk show host, and politician. He is known for his work as a civil rights activist and his advocacy for African Americans and other minorities.
In terms of business, Sharpton is the founder of the National Action Network, a not-for-profit civil rights organization that advocates for social justice and equal rights. He is also a television and radio talk show host, having hosted MSNBC's "PoliticsNation with Al Sharpton" and the nationally syndicated radio show "Keepin' It Real with Al Sharpton".
Overall, Sharpton's business is centered around his work as a civil rights activist and media personality. He has made a career out of advocating for social justice and equal rights for minority groups, and using his platform to raise awareness of these issues.
To know more about Al Sharpton refer here:
https://brainly.com/question/30400022#
#SPJ11
You are interested in purchasing a home. You can afford $1200 a month as a mortgage payment. How much can you pay for a home assuming a 30 year (360 months) loan at 4. 25% interest?.
The calculated value of the price that can be paid for the home is $28,234, provided $1200 a month as a mortgage payment.
Principal, interest, taxes, and insurance are the usual four components of a mortgage payment. The amount that is deducted from your outstanding loan balance is known as the principal portion. The expense of borrowing money is interest.
The price that can be paid for the home is:
P={ [1−(1 + i)^−n]/i } ×R
Where;
R = monthly payment = $1200
i = monthly rate of interest = 4.25%
P = Price afforded
n = number of months = 360
P = { [1−(1 + 0.0425)^−360]/0.0425 } ×1200
P= $28,234
P = $28,234
Hence, $28,234 is the calculated value of the price that can be paid for the home.
Learn more about mortgage payment at:
https://brainly.com/question/30093812
#SPJ4
Describe two advantages of planned economy
Answer:
Some of the advantages are the equal distribution of wealth, reduced inequality,
low level of unemployment, and maximize social welfare.
which resource would be considered the factor of production called land?a.timber (wood)b.a factoryc. moneyd. a farmer working their fields.
A. Timber (wood), Land would be regarded as a production component for timber (wood) resources. Wood that has been treated into consistent and practical proportions, such as beams, planks, or boards, is known as lumber.
Natural resources employed in production, such as land, water, minerals, and lumber, are referred to as the "land" element of production. As a result, option A, timber (wood), would be the resource taken into account as the element of production known as land because it is a natural resource produced from trees growing on the land. The factory in option B would be regarded as a capital resource, money in option C as a financial resource, and a farmer ploughing his or her fields in option D as a labour resource. Land, labour, capital, and entrepreneurial activity are the four fundamental sources of production according to economic theory.
learn more about timber here:
https://brainly.com/question/17150866
#SPJ4
How to prepare for Amazon interview leadership principles?
The 14 guiding principles for the corporation and its workers are laid out in the Amazon Leadership Principles.
Amazon Leadership Principles guidelines and the questions that go with them are made to look into your background in the workforce and your situational management skills. The business claims that these ideals are put into practice in day-to-day operations and that it only hires personnel who act in accordance with these beliefs.
During the employment process, these traits are frequently put to the test. They are essential to be aware of if you want to thrive in your preparation for an Amazon interview.
However, memorizing each of the 14 Amazon Leadership Principles won't help you be ready for an interview. Instead, Amazon assesses applicants based on the qualities that are most critical to the position.
To learn more about Amazon Leadership Principles, please refer:
https://brainly.com/question/30563548
#SPJ4
When actual unemployment is less than its natural rateA. the economy is expanding beyond its long-run capabilities.B. the economy is producing within its long-run capabilities.C. the numbers must be wrong because the actual unemployment rate can never be less than the natural rate.D. the economy is in a recession.E. the economy must be experiencing high inflation.
The actual unemployment is less than its natural rate: the economy is expanding beyond its long-run capabilities.
when the real unemployment rate is lower than the actual unemployment rate?If the unemployment rate is lower than the natural rate, it means that the economy is expanding faster than it can maintain, which puts pressure on wages and prices generally and raises inflation.
When the natural unemployment rate is lower than the actual unemployment rate, is the economy in a recession, according to the answer options in the gap?When the actual unemployment rate falls below the natural unemployment rate, this is known as negative cyclical unemployment. The economy enters a stage where the real GDP exceeds the potential GDP as a result of this circumstance.
What happens if the natural rate of unemployment is higher than the actual rate?According to the theory, inflationary expectations rise when the actual unemployment rate is below the NAIRU level for a few years, which causes the inflation rate to lean toward growth. Inflationary expectations diminish as a result of the actual unemployment rate exceeding the NAIRU level.
To Know more about actual unemployment
https://brainly.com/question/27992608
#SPJ4
suggesting a company align itself with a certain concert series
Recommending that a business affiliate itself with a particular concert series known as "sponsorship".
Explain the term sponsorship?The role or responsibility of an individual or entity that endorses, promotes, counsels, or contributes to the funding of an individual, an organization, or a project:
Your sponsorship contribution will be used to cover the child's tuition and ensure that they eat three meals every day. The terms and conditions of a business's relationship with any brand, occasion, or person promoting the company are outlined in a sponsorship agreement, which is a type of business contract. A marketing or brand ambassador arrangement between a business and a celebrity and social media influencer can also be included in a sponsorship contract.Thus, recommending that a business affiliate itself with a particular concert series known as "sponsorship".
To know more about the concert, here
https://brainly.com/question/30588449
#SPJ4
The complete question is-
suggesting a company align itself with a certain concert series is called _________.
Which one of the following is not one of the 5 competitive factors that affect only wholesale sales of branded footwear to athletic footwear retailers? a)Expenditures for brand advertising b)The support a company offers to retailers in merchandising and promoting its brand c)The number of retail outlets carrying each company's brand Mail-in rebate offers d)The number of weeks it takes a company to deliver orders to footwear retailers
Option - d) :The number of weeks it takes a company to deliver orders to footwear retailers is not one of the 5 competitive factors that affect only wholesale sales of branded footwear to athletic footwear retailers.
The following are the five competitive considerations that often have an impact on wholesale sales of branded footwear to athletic footwear retailers:
spending on brand-related advertising
The assistance a business provides to merchants in marketing and advancing its brand
The quantity of shops that sell each company's products
offers for mail-in rebates
Although it may be crucial for effective supply chain management, the time it takes a business to fulfil orders to footwear retailers is not often seen as a competitive aspect that influences wholesale sales. However, prompt delivery could effect consumer happiness, which might, in turn, harm the brand's reputation and sales over time.
The amount spent on advertising, promotion, and marketing activities is indicated by total advertising expenditure. trends in mainstream media advertising overall, in especially in radio and television.
For such more questions on competitive factors:
brainly.com/question/30031717
#SPJ4
The following graph shows the annual market for Michigan blueberries, which are sold in units of 50-pound boxes.Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.09018027036045054063072081090050454035302520151050PRICE (Dollars per box)QUANTITY (Millions of boxes)Demand SupplyGraph Input ToolMarket for Michigan BlueberriesPrice(Dollars per box)Quantity Demanded(Millions of boxes)Quantity Supplied(Millions of boxes)In this market, the equilibrium price isper box, and the equilibrium quantity of blueberries ismillion boxes.For each of the prices listed in the following table, determine the quantity of blueberries demanded, the quantity of blueberries supplied, and the direction of pressure exerted on prices in the absence of any price controls.PriceQuantity DemandedQuantity SuppliedPressure on Prices(Dollars per box)(Millions of boxes)(Millions of boxes)35 15 True or False: A price ceiling below $25 per box is not a binding price ceiling in this market.TrueFalseBecause it takes six to eight years before newly planted blueberry plants reach full production, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant blueberries on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of blueberries is much more price sensitive than the short-run supply of blueberries.Assuming that the long-run demand for blueberries is the same as the short-run demand, you would expect a binding price ceiling to result in a that is in the long run than in the short run.
A price ceiling below $25 per box is not binding, as the equilibrium price is above this level.
The equilibrium price is $30 per box, and the equilibrium quantity is 45 million boxes.
For a price of $35 per box:
Quantity demanded: 15 million boxes
Quantity supplied: 25 million boxes
Pressure on prices: downward pressure, since quantity supplied exceeds quantity demanded.
For a price of $25 per box:
Quantity demanded: 35 million boxes
Quantity supplied: 35 million boxes
Pressure on prices: no pressure, since the price is already at equilibrium.
For a price of $15 per box:
Quantity demanded: 55 million boxes
Quantity supplied: 15 million boxes
Pressure on prices: upward pressure, since quantity demanded exceeds quantity supplied.
Since the long-run supply of blueberries is more price sensitive than the short-run supply, we would expect a binding price ceiling to result in a shortage that is larger in the long run than in the short run. In the long run, some farmers may decide to switch to other crops or sell their land, reducing the overall supply of blueberries and exacerbating the shortage caused by the price ceiling.
For more such questions on Economy
https://brainly.com/question/28210218
#SPJ4
Which element of the fraud triangle do companies have the greatest ability to eliminate? A. Motivation. B. Rationalization. C. Opportunity. D.Intelligence.
Companies have the greatest ability to eliminate opportunity in the fraud triangle.
How Does Fraud Work?Anything that uses deception to gain something is considered "fraud." According to Black's Law Dictionary, fraud is defined as the "knowing misrepresentation of the truth or concealment of a material fact to get someone else to do something bad for them. To put it another way, you are committing fraud if you lie in order to steal money or property from another person. The Fraud Triangle is the most widely accepted explanation for why some people commit fraud. Dr. Donald Cressey, a criminologist who studied embezzlers and coined the term "trust violators," created the Fraud Triangle.
To learn more about fraud visit :
https://brainly.com/question/15334468
#SPJ1
which of these grist components is sometimes used because it is gluten free?
"Malted Sorghum" is a type of grist that is occasionally used since it is gluten free.
Explain about the Malted Sorghum?Traditional sorghum (dark) beer is brewed in southern Africa using malted grain sorghum. Sorghum malt has a low amount of -amylase but good -amylase activity.
65–68 °C is a high gelation temperature for its starch. When making sorghum beer, a lot of boiled starchy adjunct is used. Some of this supplementary starch is not saccharified, which adds to the beer's murky appearance. Sorghum has been employed to make spirits and vinegar in China, as well as fermented non-alcoholic drinks, beer, and other alcoholic beverages in Africa and Mexico. Due to the unique characteristics of sorghum malt, it appears that worts with a high concentration of dextrins can be produced by mashing at high temperatures.Thus, in gluten-free dishes, sorghum is also utilised as a substitute for wheat.
To know more about the gluten free, here
https://brainly.com/question/30489380
#SPJ4
The complete question is-
which of these grist components is sometimes used because it is gluten free?
Malted BarleyMalted BuckwheatMalted WheatMalted SorghumWhich is a benefit of using a joint venture to enter a foreign market?
Using a joint venture to enter a foreign market has advantages such as access to local reputation, know-how, distribution networks, consumer market, understanding of the local marketplace, or government contracts, among others.
Explain about the international joint ventures?The operations of the joint venture or the countries where one of the members is physically present are often in which the international joint venture is based.
Compared to buying an existing business or starting a new enterprise in a foreign market, international joint ventures offer quicker and less expensive access to overseas markets.An international joint venture gives you access to, among other things, the local market, production facilities, government contracts, consumer market, and distribution channels.A practical way to transfer expertise, such as technological know-how or complementary property rights assets between businesses, is through an international joint venture.Particularly for small and mid-size businesses, international joint venture reduces the expenses and hazards involved with conducting business in a foreign market.To know more about the international joint ventures, here
https://brainly.com/question/9389546
#SPJ4
Question:
You work as an analyst at a credit-rating agency, and you are comparing firms in the construction and engineering sector. One company in the portfolio of companies you are analyzing is a Chinese firm. This firm stands out in the ratio analysis, because the company's financial ratios are substantially lower than identical financial ratios of the other firms in the sector. You do not dissect the results of the ratio analysis and categorize report this firm as an under-performing company. Is the following statement about your analysis report true?
The ratios provide an accurate and thorough representation of the Chinese company's performance.
Identical financial ratio:
Identical financial ratios represent all those same ratios that are used in the analysis of companies from different countries. Using identical financial ratios facilitate the intercomparison between the firms.
1. No, the statement is not true. The ratio analysis does not provide an accurate and thorough representation of the Chinese company's performance.
2. Examples of identical financial ratios include price-to-earnings ratio (P/E), debt-to-equity ratio (D/E), return on equity (ROE), and price-to-book ratio (P/B).
1. The ratio analysis does not provide an accurate and comprehensive representation of the performance of the Chinese company. The ratios may be lower than the other companies in the sector, but it does not necessarily mean that the company is under-performing. Further analysis and investigation is needed to accurately determine the company's performance.
2. The two most common financial ratios used to compare companies are Return on Equity (ROE) and Return on Assets (ROA). Both ratios measure a company's profitability, but ROE looks at how well a company's management is using the company's shareholders' equity to generate a return, while ROA looks at how well a company is using its total assets to generate a return. Both ratios are expressed as a percentage and are calculated by dividing the company's net income by either its total shareholder equity or total assets.
To learn more about identical financial ratios link is here
brainly.com/question/30630622
#SPJ4
T/F.The Foreign Corrupt Practices Act (FCPA) makes it illegal for US citizens to bribe high ranking foreign officials to get new business.
This is viewed the territoriality principle of the act. In easy words, The Foreign Corrupt Practices Act (FCPA), enacted in 1977, generally prohibits the payment of bribes to overseas officials to aid in obtaining or conserving business.
Does the Foreign Corrupt Practices Act makes it illegal for US residents to bribe high ranking overseas officials?The Foreign Corrupt Practices Act (FCPA) makes it illegal for US citizens to bribe excessive rating foreign officers to get new business. A violation can have a criminal penalty that entails up to 5 years in prison. Under the FCPA, like most crimes the prosecutor would have to show: mens rea only.
The FCPA applies to any character who has a sure degree of connection to the United States and engages in corrupt practices abroad, as nicely as to U.S. businesses, overseas companies trading securities in the U.S
Learn more about Foreign Corrupt Practices Act here:
https://brainly.com/question/15545243#SPJ4
what is the balloon car project?
Kinetic energy is the energy an object possesses due to its stir. A moving auto pushed by a balloon consumes kinetic energy.
However, when driving your auto down the ramp from the top of the ramp, the bare lifting adds some retired energy. When released, the energy turns into kinetic energy and the auto keeps going until there's enough to move it.
The kinetic energy of an object is the energy it possesses due to its motion. It's defined as the work needed to accelerate a body of a given mass from rest to steady state.
When a balloon is inflated, it stores compressed air and stretched rubber as implicit energy. When you deflate the balloon, the idle energy is converted into kinetic energy; is the kinetic energy, so the auto is in stir.
To know more about Kinetic Energy,
brainly.com/question/25959744
#SPJ4
According to the caux principles for business, the ethical ideal of kyosei means
a. deciding what is right by using a set of rules and regulations.
b. being aware of moral situations and acting accordingly.
c. accepting the moral constraints of living in a society.
d. living and working together for the common good.
e. regognizing the intrinsic worth of every human being.
According to the Caux Principles for Business, the ethical ideal of kyosei means D: "living and working together for the common good".
Kyosei is a concept from the Caux Principles for Business, which is a set of ethical guidelines for companies. Kyosei refers to the ideal of living and working together for the common good, where individuals and organizations recognize the interconnectedness of their actions and strive to create a harmonious and sustainable society.
The concept of kyosei encourages companies to prioritize the well-being of society as a whole, rather than just their own interests, and to act in ways that promote the common good and the sustainable development of communities. This includes considering the impact of their business practices on the environment, their employees, and other stakeholders, and taking steps to minimize harm and promote positive outcomes.
You can learn more about Kyosei at
https://brainly.com/question/30630147
#SPJ4
What is formula of average total cost?
The formula for an average total cost (ATC) is:
ATC = Total Cost / Quantity of Output
Average total cost (ATC) is a term used in economics to refer to the total cost of producing a given quantity of output, divided by the quantity produced. ATC includes all costs of production, including both fixed costs and variable costs. Fixed costs are those that do not vary with the level of output, such as rent or salaries. Variable costs, on the other hand, are those that vary with the level of output, such as raw materials or labor.
ATC is an important concept in economics, as it is used to determine the minimum price at which a firm can sell its products and still cover its costs. It also helps firms to determine the optimal level of output to produce, as well as to evaluate the efficiency of their production processes.
To learn more about Average total cost here:
brainly.com/question/29306232
#SPJ4
in which section of a statement of cash flows would the payment of cash dividends be reported?
In the financing activities section, the statement of cash flows would the payment of cash dividends be reported.
In the term of economy and financial accounting, Cash flow from financing activities also can be called as CFF. CFF generally can be defined as a section of a company's cash flow statement There are several aspects in the cash flow financing activities, such as involving debt, equity, and dividends, and also the net flows of cash that are used to fund the company. The activities like issuance and repayment of equity also included in the CFF.
Here you can learn more about Cash flow from financing activities https://brainly.com/question/14896761
#SPJ4
18 OT
What is a consumer?
A. Someone who buys goods or services
B. Someone who sells good and services
C. Someone who manufactures goods
D. Someone who trades goods and services
SUBMIT
What does SDS stand for in business?
SDS stands for Safety Data Sheet in business. It is a document that lists information related to occupational safety and health for the use of various substances and products. SDSs are a widely used system for cataloging information on chemicals, chemical compounds, and chemical mixtures. They are an important component of product stewardship, occupational safety and health, and spill-handling procedures.
SDS information may include instructions for the safe use and potential hazards associated with a particular material or product, along with spill-handling procedures. SDS formats can vary from source to source within a country depending on national requirements.
SDSs must be provided by manufacturers or suppliers of chemical products to anyone who may come into contact with the substance or product.
To know more about Safety Data Sheet here:
https://brainly.com/question/30396870
#SPJ11
In organizations, ______ strives to produce order and stability, whereas _____ leaders embrace and manage changeManagers;leadersleaders;managerobjective; goalDealers;end users
In organizations, managers strive to produce order and stability, whereas leaders embrace and manage change. While managers focus on planning, organizing, and controlling processes and resources to
The task of supervising the work of others in an organisation falls to managers. Their main mission is to accomplish the organization's objectives and make sure that all the resources and procedures are operating effectively in order to do so. They are in charge of organising controlling, and directing an organization's resources in order to accomplish its objectives. Managers make choices, establish objectives, delegate duties, and inspire their people to get the necessary results. They are in charge of overseeing the organization's daily operations, making sure resources are used effectively, and making sure the organisation is achieving its financial and operational goals. Strong leadership abilities, good communication skills, and the capability for change adaptation are characteristics of successful managers
Learn more about managers here:
https://brainly.com/question/29023210
#SPJ4
Choose the geographic theme represented below. Bolivia is one of two landlocked South American countries in the Andes Mountains. Poverty here is high. It has three official languages: Spanish, Quechua, and Aymara. location place human-environmental interaction movement
Answer:
Place
Explanation:
What is onward 2 opportunity?
Onward to Opportunity (O2O) is a free career training program that provides professional certification and employee support services to transitioning service members, veterans, and military spouses.
A training program is a planned effort to develop or improve the skills, knowledge, and abilities of individuals or groups of employees. It is designed to help employees acquire new skills and competencies that can improve their job performance and productivity. The program usually consists of various activities such as classroom training, on-the-job training, coaching, mentoring, e-learning, and workshops.
The goal of a training program is to provide employees with the necessary knowledge and skills to perform their job more effectively and efficiently. It helps to enhance employee satisfaction, retention, and engagement, as they feel supported and valued by their organization. A successful training program can also help organizations achieve their business objectives by ensuring that employees have the right skills to meet their current and future needs. Overall, a training program is an essential tool for developing a skilled and motivated workforce.
To learn more about Training program here:
brainly.com/question/28264443
#SPJ4
Which trading bloc has the goal to reduce tariffs by 75 percent and achieve full economic integration? APEC Mercosur ASEAN CAFTA-DR NAFTA
It is NAFTA that has the goal to achieve full economic integration by decreasing tariffs by seventy percent. Here option D is the correct answer.
The North American Free Trade Agreement is referred to as NAFTA. To liberalize trade policy, notably in the automobile, textile, and agricultural industries, it must first abolish the vast majority of tariffs.
The agreement went into force on January 1st, 1994. All trade and investment barriers tariffs and nontariff between the US, Canada, and Mexico are intended to be eliminated under NAFTA.
The North American Free Trade Agreement (NAFTA) was developed more than 20 years ago to expand trade between the United States, Canada, and Mexico. Its secondary objective was to increase the competitiveness of these countries in the global market.
Complete question:
Which trading bloc has the goal to reduce tariffs by 75 percent and achieve full economic integration?
A - APEC
B - ASEAN
C - CAFTA-DR
D - NAFTA
E - Mercosur
To learn more about NAFTA
https://brainly.com/question/7458065
#SPJ4
Are cash-secured puts a good strategy?
Cash-secured puts can be a good strategy for some investors, depending on their investment goals and risk tolerance.
A cash-secured put is an options trading strategy that involves selling a put option while simultaneously setting aside the cash required to buy the underlying security in case the option is exercised. If the option is not exercised, the seller keeps the premium as profit. If the option is exercised, the seller must purchase the underlying security at the strike price, using the cash set aside as collateral.
One potential benefit of this strategy is that it can generate income through the sale of the put option premium. However, it also involves the risk of potentially having to buy the underlying security at a higher price than its market value, if the option is exercised. Therefore, investors who use this strategy should be willing and able to hold the underlying security for the long term, if needed.
As with any investment strategy, it's important to do your own research and understand the risks involved before deciding whether cash-secured puts are a suitable strategy for your investment goals and risk tolerance. It may be a good idea to consult with a financial advisor or professional to get a better understanding of how this strategy may fit into your overall investment portfolio.
For more such questions on Cash-secured puts: brainly.com/question/29345281
#SPJ4
What is the perceived demand for a monopolistic competitor?
Downward-sloping is the perceived demand for a monopolistic competitor. A monopolistic competitor faces a demand curve that is not flat but rather slopes downward.
What exactly is a perceived need?
When a company lowers its price, provided that other businesses maintain their current prices, the increase in the quantity of a product that is demanded by the company is depicted on the perceived demand curve.
When there is monopolistic competition, what happens to demand?A monopolistic competitive market has a downward demand curve. This indicates that the quantity demanded for that good rises in tandem with a decrease in price. The shape of the demand curve has a number of important implications for businesses operating in a monopolistic competitive market, despite the fact that this appears to be fairly straightforward.
Learn more about monopolistic competition:
brainly.com/question/2891218
#SPJ1
When there few close substitutes available for a good, demand tends to be:_________
When there are few alternatives to a good, demand is typically rather inelastic.
Nevertheless, such a thing or service does not exist. A good or service whose demand is entirely inelastic would not alter regardless of price. The opposite of elastic, which experiences noticeable fluctuations in demand when the price changes, is inelastic. Prices or quantities are fixed and unaffected by the other variable when demand is perfectly inelastic. When a price adjustment results in a completely similar change in the quantity desired, unitary demand has occurred. The idea that luxury goods like cruises and expensive watches are elastic contrasts with the idea that medicine is an essential good.
To learn more about inelastic refer here:
https://brainly.com/question/28192591
#SPJ4