What is the best way to deal with shortages after a natural disaster?

Q: Explain the saying "awareness is the best prevention. Lets learn proper nutrition and stop…

A: Malnutrition refers to energy and/or nutrient deficits, excesses, or imbalances in a person's diet.…

Q: A necessity is defined as a good having

A: To find : What is definition of necessity.

Q: What examples do you have of goods and services that were once luxuries, which have become…

A: Luxury goods are those whose demand increases as people's income increases.

Q: How does supply and demand work in everyday life?

A: The demand and supply works as per economic laws in daily life as well.When in some cases, the…

Q: A loss of purchasing power due to a price increase and a decrease in the amount of one good…

A: Due to price increase, if the purchasing power of a consumer decreases, it is the income effect.

Q: An increase in the supply of a good will increase the total revenue producers receive if?

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: How does the government intervene on the market?

A: There are three types of economic structure which are command or socialist economy, capitalist…

Q: Do you need suppliers to be more responsive to your needs?

A: To determine: Suppliers to be more responsive to the needs of consumers.

Q: What are the factors affecting the demand for processed foods?

A: Demand may be defined as the number of customers who are ready, willing, and able to purchase a…

Q: Who benefit if the price is lower than the market price

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: what infomation you would need about the market for bananas in order to assess weather farmers as a…

A: Natural disasters cause a market failure. A loss of total surplus occurs and the goods are sold at a…

Q: What is Supplies?

A: Supplier: A provider is an element that provisions products and enterprises to another association.…

Q: The amount of a good that buyers are willing and able to purchase at a given price.

A: Consumer theory is the theory that deals with determination of a point at which a consumer maximizes…

Q: Bread is always a consumer good?

A: consumer good is a good which is use to satisfy consumer wants and needs of current time

Q: It is better to pay regular price than to stand in a long line for a free item?

A: Opportunity cost represents the benefit an individual misses out for not choosing the alternative.…

Q: What events might prompt consumers to demand fewer goods at current prices?

A: To determine the events that may prompt consumers to demand fewer goods at current prices.

Q: What is world market

A: The world market is the aggregate of all national markets, seen as linked through mutual economic…

Q: Which is more important to the economy, health of people or revenues generated? How will you strike…

A: The health of an individual and the revenues generated are importantly equal to the economy. It is…

Q: How are important values such as sustainability reflected in the marketplace today?

A: Meeting our own needs without compromising the ability of the future generations to meet their own…

Q: Ghana's president is also very interested in banning the imports of food in order to increase…

A: Ghana's president is also very interested in banning the imports of food So the cost of nutritious…

Q: Provide examples and/or latest news or updates of the supply and demand in USA

A: It's a major financial rule that when supply surpasses demand for a decent or administration, costs…

Q: Is buying a steak at the restaurant considered a good or service?

A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…

Q: Recession Causes a Drop in consumer income. Analyze New Cars

A: The merchandise whose request will in general increment as the pay of the customer rises is called…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: who benefits if the price is higher than the market price?

A: When the Prie is high then the market price it means the demand for that particular good is high or…

Q: Analyze the effect of cosmetic industry in the economy of Pakistan? What are the effects of this…

A: Industries that are established in a country contribute a significant amount of revenue to the…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: What are the three (3) most important things that you believe should be done to reduce hunger in our…

A: Hundreds of theories exist regarding how to end world hunger, many of which are hotly discussed by…

Q: When a market is in shortage,

A: Market shortage is a situation in which quantity demanded in the market is more than quantity…

Q: What is supplied

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: As a consumer and content creator, how are you influenced by the media? You can use your own…

A: As a communication tool, social media has taken on a significant role. People use social media to…

Q: (The last question is the most important one) What if there is no demand but a need. For example,…

A: The consumers usually demand a particular good when they derive some satisfaction from consuming…

Q: If Goods are not rationed according to price, what happens?

A: Rationing is done by the government to manage the distribution of goods and services inorder to deal…

Q: What is beautiful?

A: Beautiful is a term related to the attractiveness of a place or person.

Q: What Is a Market?

A: In economics, the word market refers to a single commodity market or a collection of commodities.…

Q: Can government policy affect consumer behavior?

A: The economies around the globe tend to operate with the major focus on the growth and development.…

Q: What will an increase in the price of substitute goods produced in foreign countries do?

A: Answer in Step 2

Q: The covid 19 pandemic impacted the market for masks. How was it impacted? Discuss and Give examples

A: The face masks market is grown during the covid-19 due to the increased demand for masks in the…

Q: what is a rationing mechanism?

A: The efficient allocation of scarce resources would help to equal distribution of resources.