FALSE
a+ users
FALSE a+ users
Generally, because supplies are never infinite, the opposite of scarce. For many goods, demand is constant or growing, and supply is NOT.
In market economies consumers learn not to want things that are not supplied, so there can never be a real shortage in a market economy.
Meaning of Consumer's equilibriumConsumer's equilibrium is that point in which consumer consumes the combination of two goods by his limited income. He gets maximum satisfaction from these goods and never changes this situation. If he will change this point, his level of satisfaction will decrease.We can explain consumer's equilibrium with the help of indifference curve. Before explain this we need to understand following termsIndifference curveIndifference curve shows the combination of two goods which a consumer is consuming. For increasing one good's one unit, he has to leave some quantities of other second goods. The sacrificing of second goods quantity will decreasing because, law of diminishing marginal rate of substitute will apply on it.Income apple ( 0.50 per unit ) orange ( Rs. 1 per unit ) Four rupees 8 0 Four rupees 6 1 Four rupees 4 2 Four rupees 2 3 Four rupees 0 4Condition of Consumer EquilibriumPrice line must be the tangent to indifference curveIt is not necessary that price line cut indifference curve, but it is important that price line must be tangent to indifference curve. Price line when touches indifference curve, then it means that Marginal rate of substitute of apple and orange will equal to the ratio of price of apple and orange .
There are never enough goods and services to satisfy all wants and needs
FALSE a+ users
FALSE a+ users
The perceived problems of consumerism is an insatiable lust for consumer goods that can never be sated. The consumer is constantly looking for the next new thing.
the inventions of the industrial revolution increased the supply of consumer goods as never before in history.
Unsought goods are products that consumers do not want, use, or even think about purchasing. An unsought shopping good could be a product that a consumer may not even know about--or knows about but has never considered purchasing.
Norwich has never been the capital of England. It was a regional capital under the Romans, but never the capital of the whole country.
Judging from the categories I suspect you want to know that South Australia nominated Mt Gambier for consideration to be the nations capital, but it was never really seriously considered.
No, it has never been the capital
Unlimited goods is something that never runs out. Example: I have a phone and everything is Unlimited. that means that you can use it and it never runs out.
no one would under stand you never will never have
Sevilla was never the capital of Spain.
No, Senghenydd was never the capital of Wales.