The statement that best addresses the economic question for whom to produce is; InFocus conducts focus groups to determine its target market. The correct answer is D.
Which line indicates an increase in demand?
Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.
When you give your friend a $50 bill for an iPod use money as a?
Answer Expert Verified When you gave your friend a fifty-dollar bill for an iPod, you used money as a medium of exchange. This is because you exchanged your money for an iPod.
Which may occur as a result of a decrease in the price of laptop?
This is referred as to as change in quantity demand. This can be attributed to any of the factors that affect demand other the price e.g change in income. Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded .
What is a clue that currency is counterfeit?
A clue that the currency is counterfeit is that there is no change in the color of the bill’s ink because if you have a bill and you move it back and forth and look at the lower right corner, the numbers there have ink that shifts its color from green to black.
What does an increase in supply look like?
An increase in supply is shown as a shift to the right of a supply curve; a decrease in supply is shown as a shift to the left.
Which number represents quantity demanded at $40?
So,the number that represents the quantity demanded at $40 is 5.
Which would be a clue that the currency is counterfeit?
A clue that the currency is counterfeit would be if the bill had no change in the color of the bill’s ink.
What does it look like when supply increases?
A change in supply leads to a shift in the supply curve, which causes an imbalance in the market that is corrected by changing prices and demand. An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left.
Do US economy begins to slow so the US Prince more currency What is the risk of this action?
The U.S. economy begins to slow, so the U.S. prints more currency. What is the risk of this action? The currency will lose value.
What happens if you pass a counterfeit bill?
Under federal law, the use or attempted use of counterfeit currency is illegal if the person has the intent to defraud the recipient. A conviction for the offense carries up to 20 years in prison and a fine.
