Description : What describes a situation in which a price of a good would rise?
Last Answer : Demand goes up or supply goes down.- Producers cannot make enough of a good when that good becomespopular.- The raw materials or production capability for a good isunexpectedly reduced.
Description : If an air parcel is warmer than the air at the specified altitude then the parcel will continue to rise because warmer air is less dense and therefore buoyant. This condition best describes what?
Last Answer : Need answer
Description : One of the conditions that give rise to a demand for an external audit of financial statements is expertise. Which of the following best describes the meaning of expertise as used in this ... . d. As experts, auditors are expected to detect all material misstatements in the financial statements
Last Answer : Users usually lack the necessary expertise to verify the reliability of the financial information
Description : One of the conditions that give rise to a demand for an external audit of financial statements is expertise. Which of the following best describes the meaning of expertise as used in ... the financial statements must possess the necessary expertise to be able to understand the financial statements.
Last Answer : Users usually lack the necessary expertise to verify the reliability of the financial information.
Description : A Black Market is a situation wherein (1) Goods are loaded by the producers (2) Goods are sold secretly (3) Goods are sold at prices higher than what is fixed by the Government (4) Goods are made available (sold) only after there is a rise in prices
Last Answer : Goods are sold secretly
Description : (i) Suggest the relevant method of water-proofing used for following construction. 1) Basement of buildings. 2) Swimming pool. 3) Water tank. (ii) Suggest the relevant method of transportation of ... 1) Concreting in hilly areas. 2) Concreting of high-rise building. 3) Concreting under water.
Last Answer : Method of water-proofing for: 1) Basement of buildings: Waterproofing by using waterproof sealants. 2) Swimming pool: Waterproofing by spraying or grouting in cracks. 3) Water tank: Waterproofing by ... , concrete pump, slip form technique. 3) Concreting under water: Tremie pipe, grout pipe.
Description : What situation best describes a difference in interpretation A.One painter's life work shows an optimistic outlook while another painter's life work shows a deeply pessimistic outlook. B.One noveli?
Last Answer : What is the answer ?
Description : Which accurately describes a situation in which consumers have elastic demand?
Last Answer : people cannot quit drinking coffee even though they want to cut down on caffeine intake
Description : Which best describes a situation where an Oligopoly exists?
Last Answer : A small number of producers command nearly the entire market for a certain good or service.
Description : It all depends on the variables of a situation" best describes the A. Classical approach B. Human relations approach C. Systems approach D. Contingency approach
Last Answer : D. Contingency approach
Description : What genetic term describes the situation when a part of a chromosome is broken off and lost?
Last Answer : ANSWER: CHROMOSOMAL DELETION
Description : How much do you think the price of a sandwich at McD will rise when the minumum wage goes to $15 per hour?
Last Answer : answer:I am happy to say I have not eaten at a McDonald’s in years. The last time I ate there, I thought the hamburgers were made of dross. As for your engineering, how many burgers could you cook on a lava flow?
Description : After the first quarter of the fiscal year ends in 2014, with the rise of the federal minimum wage, what sort of price increases should we expect?
Last Answer : I expect that corporate profits will rise as those that pay minimum wage price-gouge and jack up prices by 30% to cover a 3% increase in costs. Remember how Papa John’s was going to jack up the price of a pizza far more than the 15 cents a pie it would take to cover the costs of Obamacare?
Description : Mention any two factors which were responsible for price rise of food grains in Britain in the late 18th century. -SST 10th
Last Answer : Increase in population and restrictions on the import of food grains.
Description : Due to a rise of `12%` in the price of mangoes a dealer gets 27 kg less for Rs. 24750. Find (a) The new price per kg of mangoes. (b) The orginal price
Last Answer : Due to a rise of `12%` in the price of mangoes a dealer gets 27 kg less for Rs. 24750. ... (b) The orginal price per kg of mangoes (approximately).
Description : Which of the following is a consequence of inflationary price rise? (1) Obstacle in development (2) Increase in economic inequalities (3) All of these (4) Adverse effect on the balance of payment
Last Answer : (3) All of these Explanation: Inflationary price rise is harmful to a country's economic performance and to the welfare of its citizens. It can create a random redistribution of income given that ... development as it has an adverse effect on saving and investment and causes a fall in growth.
Description : Other things being equal, a decrease in quantity demanded of a commodity can be caused by – (1) a rise in the price of the commodity (2) a rise in the income of the consumer (3) a fall in the price of a commodity (4) a fall in the income of the consumer
Last Answer : (1) a rise in the price of the commodity Explanation: In economics, the law states that, all else being equal, as the price of a product increases, quantity demanded falls; likewise, as the price of a product decreases, quantity demanded increases.
Description : For an inferior good, demand falls when - (1) price rises (2) income rise (3) price falls (4) income falls
Last Answer : (2) income rise Explanation: In economics, income elasticity of demand measures the responsiveness of the demand for a good to a change in the income of the people demanding the good. ... opposite is observed. Normal goods are those for which consumers' demand increases when their income increases.
Description : The equilibrium price of a commodity will definitely rise if there is a/an: (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.
Last Answer : (4) increase in demand accompanied by a decrease in supply. Explanation: Price of a commodity is always determined by the forces of demand and supply in the market. The price at which ... equilibrium price definitely increases when there is an increase in demand combined with the decrease in supply.
Description : A fall in demand or rise in supply of a commodity— (1) Increases the price of that commodity (2) decreases the price of that commodity (3) neutralizes the changes in the price (4) determines" the price elasticity
Last Answer : (2) decreases the price of that commodity Explanation: The four basic laws of supply and demand are: (1) If demand increases and supply remains unchanged, a shortage occurs, leading to a higher ... (4) If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher price.
Description : The demand for which of the following commodity will not rise in spite of a fall in its price? (1) Television (2) Refrigerator (3) Salt (4) Meat
Last Answer : (3) Salt Explanation: For certain goods called necessities, demand is not related to income. Demand for salt does not increase with the increase in income & does not decrease with the decrease in ... irrespective of income. The demand curve slopes downward for goods like salt, but it is inelastic.
Description : Massive starvation takes place due to: (a) rise in the price of essential commodities (b) decline in production of foodgrains (c) drought (d) both (a) and (b)
Last Answer : (c) drought
Description : Pradhan Mantri Fasal Bima Yojana (PMFBY) was designed by central government to provide a. To rise food price b. To reduce the impact of food price c. Provide loan to farmers d. Price Stabilization
Last Answer : a. To rise food price b. To reduce the impact of food price c. Provide loan to farmers d. Price Stabilization
Description : According to the effective demand principle: a) at a certain price, the output shall not be determined by any known factor b) at a certain price, the output will remain unaffected by rise or ... certain price, equilibrium output will be solely determined by the aggregate demand d) none of the above
Last Answer : c) at a certain price, equilibrium output will be solely determined by the aggregate demand
Description : Deficit financing leads to (a) Price rise (b) Price fall (c) Price control (d) None of the above
Last Answer : a) Price rise
Description : An investor who feels that the price of a particular security (shares etc.) is going to rise is termed as?
Last Answer : Bull
Description : It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point? (a) 8,788 units (b) 11,600 units (c) 11,885 units (d) 12,397 units
Last Answer : (c) 11,885 units
Description : What will happen to the equilibrium price and quantity of peanut butter if peanuts increase in price and the price of jelly decreases? (a) the equilibrium price and quantity increase (b) the ... ) the equilibrium price will rise and the equilibrium quantity will be indeterminate (d) None of above
Last Answer : (c) the equilibrium price will rise and the equilibrium quantity will be indeterminate
Description : Cost push inflation arises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in price of precious metal
Last Answer : (a) Persistent rise in factor cost ;
Description : Demand pull inflation rises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in Price of precious metal
Last Answer : ; (b) Mismatch between demand and supply of commodities
Description : In a period of inflation and price rise the supply of money remains (1) the same (2) increases (3) decreases (4) increases or decreases proportionately.
Last Answer : increases
Description : Which of the following taxes is such which does not cause rise in price ? (1) Import duty (2) Income tax (3) Octoroi (4) Sales tax
Last Answer : Income tax
Description : Which of the following is a consequence of inflationary price rise ? (1) Obstacle in development (2) Increase in economic inequalities (3) All of these (4) Adverse effect on the balance of payment
Last Answer : All of these
Description : The equilibrium price of a commodity will definitely rise if there is a/an : (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.
Last Answer : increase in demand accompanied by a decrease in supply.
Description : Other things being equal, a decrease in quantity demanded of a commodity can be caused by (1) a rise in the price of the commodity (2) a rise in the income of the consumer (3) a fall in the price of a commodity (4) a fall in the income of the consumer
Last Answer : a rise in the price of the commodity
Description : For an inferior good, demand falls when (1) price rises (2) income rise (3) price falls (4) income falls
Last Answer : income rise
Description : A fall in demand or rise in supply of a commodity– (1) Increases the price of that commodity (2) decreases the price of that commodity (3) neutralises the changes in the price (4) determines the price elasticity
Last Answer : decreases the price of that commodity
Last Answer : Salt
Description : What accurately describes Adam Smiths concept of the natural price?
Last Answer : The price of any item that is equal to its market price
Description : What describes Adam Smiths concept of the natural price?
Last Answer : The price of any item that is equal to the costs of producingit.
Description : Which explanation accurately describes Adam smiths concept of the natural price?
Last Answer : The price of any item that is equal to the costs of producingit