The point that represents a surplus on the graph is point D.
Description of surplus
A surplus is when the quantity supplied is greater than the quantity demanded. This is because price is above equilibrium. This would be an incentive to increase supply and this would make consumers to decrease demand. This leads to a surplus.
Due to the surplus, prices would fall until equilibrium point is reached again. Equilibrium is the point at which quantity demanded equals quantity supplied. On the graph, this is point C.
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Answer:
it is D
Explanation:
Answer:
c
Explanation:
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Choosing a job based on skills and interests is important because a full-time job typically involves working around 2,080 hours each year.
The Importance of Selecting a Job Based on Skills and Interests
When choosing a job, it is crucial to consider your skills and interests, as your job will consume a significant amount of your time each year.
On average, a person with a full-time job works approximately 2,080 hours each year.
By selecting a job that aligns with your skills and interests, you are more likely to find satisfaction and fulfillment in your work, leading to a more enjoyable and successful career.
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Public goods are typically provided by the state because they possess two key characteristics: non-excludability and non-rivalry. Non-excludability means that once the good is provided, it is difficult to exclude anyone from benefiting from it. Non-rivalry means that one person's use of the good does not diminish its availability for others.
Public goods are underprovided in the free market due to the free-rider problem. This occurs when individuals can benefit from the public good without contributing to its provision. Since people have no incentive to pay for something they can enjoy for free, private businesses may not have the motivation to produce public goods.
Therefore, state provision of public goods is necessary to ensure their provision and availability to everyone in society. Governments can use taxation and public funding to finance the production and maintenance of public goods, ensuring that they are accessible to all members of society.
To increase their own profits. Increasing company’s profit is one of the main goals of the corporations and also of its shareholders. This is because a company is made to accumulate wealth of everyone who invested in it. This is also one way company can continue their operation, since profit is the bloodline of every businesses.
Answer:
to increase their own profits
Explanation:
The two main goals of corporations were to eliminate competitors and to increase their own profits.
Answer:
The consumer first must pay for the product, such as concert tickets versus the cost of a new pair of jeans. Next, the consumer will analyze the benefits of the product that will best meet their needs. They are likely to believe that a 3 hour consultation will satisfy them more than a new pair of jeans that will last them for 3 years or more. Based on the benefits, jeans are a better purchase for the consumer than the concert ticket because it's an item that will more benefit them than the concert ticket.
Explanation: