epf quiz 2 Flashcards
if the populaion in a area increase the demand of the area will
increase
if the demand for hotdogs increases the demand for hot dog buns will
increase
if a person income signfically deacreses the demand for items will
decrease
if the taxes increase the supply will
decrease
if the givermnet removes regulations on a business supply will
increase
if the govermnet provides a subsidy supply will
increase
if the cost of resources increses supply will
decrease
a buiness that is seperate from the people who own it and acts as a single person
corporation
a type of buiness in which two or more people share ownership
partnership
a succesful buiness that grows and enters relationships with other businesses operated under the same name
franchise
a buiness owned by one indvidual
solo proptiership
a doctores odice that has shared ownership split among three different doctors is
parterner ship
what is a disadvatge of being an owner of a coperation
more govermnet regulations
a local retraunt that is onlt one of its kind and that is owned by one person is best descried as
solo paternship
what is the equailliberm price for donoughts
$4
if the price of dnghts increases low of demand the demand foe donughts will increase as well
false
if one book store bought another bok store this would be an ecnaome of
horizontal merger
if a publishing compnay prosuces books through a book store company this would be an exnaple of
vertcial merger
if it cost johnnys cucmbers
$3
dans porks chop
2000
if supply of donughts icnrease the supply curve will shift to the
right
whether demand will increase or decrease
oncrease: population in a area oncrease and demand for hot dogs
decrease: persons income decrease
dans pork chop
yes
the choice randy has to make
trade off
if randy uses the money
oppturnity
donnys magic beans
11000
joes fly frisbess
1
single incremnet
2 hours of practice for 2 hours of sleep
use the yable
15%
