Answer:
<em>Comprehension and speed are the two most important traits in reading for business</em><em> </em><em><u>True</u></em>
Answer:
Output; Is
In a(n) <u>output</u> contract, the seller guarantees to sell 100 percent of its goods to one buyer, and the buyer agrees to accept the entire quantity. In a(n) contract, the buyer agrees to purchase 100 percent of its goods from one seller. These kinds of contracts <u>is</u> enforceable under the UCC.
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility
Explanation:
An <u>inferior good.</u>
<u></u>
For inferior goods, when income rises demand falls.
Answer: "In such markets, sellers of goods can influence the prevailing market price, giving them the role of price in the market." is wrong ,
The correct statement is "In such markets, sellers of goods CAN'T influence the prevailing market price, giving them the role of price TAKERS in the market".
"The market for tomatoes does not exhibit the two primary characteristics that define perfectly competitive markets." is FALSE because the market of tomatoes does exhibit the two characteristics:
- Identical products.
- Large number of buyers and sellers