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What effect does income have on demand?
An increase in income tends to shift the demand curve for a good or service:For a normal good, the curve will shift to the right, indicating an increase in the demand at the same price.For an inferior good, the curve will tend to shift to the left, indicating a decrease in demand at the same price.
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
When charted on a graph producing possiblities frontiers tend to curve because they show?
the increasing costs resulting in increasingly less output
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What is needed to dertermine the equilibrium of a good or service?
by finding where the supply curve and the demand curve intersect
What does car tend to do when rounding a curve?
What does car tend to do when rounding a curve? Read more:
What is airbone?
g
Objects are brought into focus on the retina by changes in the curve and thickness of the?
Objects are brought into focus on the retina by changes in the curve and thickness of the lens.
What direction do objects moving in the Southern Hemisphere curve?
To the north.
Why Surface winds tend to curve?
Because of the rotation of the earth and the shape
When charted on a graph Production possibilities frontiers tend to curve?
Yes, they do.
What is army airborne?
Army 82nd airbone is a MOS. This is a job in the Army.
What is netwon1st law?
Objects in motion tend to stay in motion unless acted upon by an outside force. Objects at rest tend to stay at rest unless acted upon by an outside force.
What is the reason behind gravitation?
Based on Einstein's theory of relativity, spacetime is curved around massive objects, and gravity "acting" on objects is actually just the objects following this curve in spacetime. Gravity is not a force.
Increases in resources or improvements in technology will tend to cause a society's production-possibilities curve to?
shift outward
What does a vehicle tend to do when driven into a curve?
Kinetic energy wants to keep the car going in a straight line.
Why might institutions of authority tend to reject new objects?
Because they can
