Question

3. the main concept of deman is:

a). sales will decrease at a lower price

b). price does not affect sales

c). mesical products are not aleays priced conpetitively

d). sales will increase at lower price

4. true or false: Regulations and technology does not influence the deman and delivery of care and services.

5. true or false: At the equilibrium price, consumers do not want to buy and producers do not want to sell.

6. true or false: When a products price rises, the quantity of the product usually decreases.

7. true or false: the impacts of regulations and other initiatives are immediately realized.

Answer 1

Q-3 ::(D) Sales Will Increase At Lower Price

=> Explanation ::

The Main Concept Of Demand Is The Sales Will Increase at Lower Price It is called Law Of Demand. In The Law of Demand When Price Is Decrease For Goods It Will Increase Demand and Sales Increase And When Price Increase it will Decrease Demand and Sale for Firm So In Demand and Price There Is A Inverse Relationship.

Q-4 :: ANSWER :: False

=> Explanation ::

Regulations And Technology Usually Influence The Demand And Delivery Of Care And Service. it Provide Convenience To Delivery and Provide Care and Service To The Consumer And Demand For That Care And Service Increase Due To Regulations And Technology.

Q-5 :: ANSWER :: False

=> Explanation ::

The Equilibrium Price Is For both Consumer And Producer Are Satisfactory. At That Point Demand And Supply Are Equal It Is Because Price Adjust At The Point At That Consumer Want To buy And Producer Want To Sell So The Demand By Consumer and Supply By Produce Are Equal.

Q-6 :: ANSWER :: TRUE

=> Explanation ::

It Is True That When Price Rises, The Quantity Of The Product Decrease It is Because Of When Price Rise Consumer Demand For That Product Decrease and Produce Decrease The Quantity Of That Product Because In Market Demand Decrease.

Q-7 :: ANSWER :: FALSE

=> Explanation ::

When Government Made Regulations And Start Some Initiatives It Would Not Realized Immediately It Takes Time To implement properly.