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LY

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​A demand curves describes

A) ​the amount of units a consumer will purchase at a given price
B) the amount of units a producer will sell at a given price
C) both the amount of units that a consumer will buy and a producer will produce at a given price
D) ​the amount of units supplied given a change in prices

On Sep 28, 2024


A
LY

Answered

​Harry's HVAC sells its new units bundled with after sales service.Why would it want to do that?

A) ​To ensure that the customer knows that they are stuck with Harry's service technicians
B) To ensure that only the highest paid personnel get to service the units
C) To ensure that the customers do not buy second-class servicing and then infer faulty design if a unit breaks down due to inadequate service
D) ​All of the above

On Sep 24, 2024


C
LY

Answered

What are the three major disadvantages of flexible exchange rates?

On Sep 22, 2024


The three major disadvantages of flexible exchange rates are: (1)uncertainty and diminished trade-the risks and uncertainties associated with flexible exchange rates may discourage the flow of trade; (2)terms of trade change-a decline in the international value of its currency will worsen a country's terms of trade; and (3)instability-wide fluctuations in the exchange rate may stimulate and then depress domestic industries that produce exported goods.