Urutkan
Tamiwin T
08 Oktober 2022 04:23
2
Nafis N
08 Oktober 2022 04:23
1
Winafajria W
08 Oktober 2022 04:23
1
Septiangga S
08 Oktober 2022 04:23
2
Tamiwin T
08 Oktober 2022 04:23
1
Nafis N
08 Oktober 2022 04:23
1
Winafajria W
08 Oktober 2022 04:23
1
Septiangga S
08 Oktober 2022 04:23
2
Tamiwin T
08 Oktober 2022 04:23
2
Arrange the sentences below into a good order.
Let's Laund our Clothes
1
5.0
What requirement is needed by an applicant to apply for the hotel work training?
1
4.6
... are used for sitting up and for jumping
2
5.0
Why is the crime rate increasing due to the new industry?
3
5.0
Why is tornado's funnel dark as soon as it touches the ground?
1
5.0
When Harry Potter lived with his uncle and aunt...
1
5.0
We understand from the text that tsunami ...
2
5.0
Why did the Juve asistant coach get match ban?
1
5.0
Supply & Demand: How Market Works
The two basic terms used most often by economists are supply and demand. The amount of something that is available-the supply-and the amount of something that people want-the demand-make up a working market. The market is the way in which an economic activity is organized between buyers and sellers through their behavior and interaction with one another.
Buyers as a group, determine the overall demand for a particular product at various prices. The interaction of buyers and sellers in the market helps to determine the market price, thereby allocating scarce goods and services efficiently. The price is taken into account when deciding how much of something to consume, and also how much to produce.
The relationship between the price and quantity demanded is so universal is called the law of demand. This law states that with all else equal, when the price of goods rises, the quantity demanded falls-and when the price falls, the quantity demanded rises. The supply curve provides the opposite information: the higher the price, the higher the quantity supplied-and the lower the price, the lower the quantity supplied.
A key function of the market is to find the equilibrium price when supply and demand are in balance. At this price, the goods supplied are equal to what is being demanded thereby bringing about the most efficient allocation of the goods. An efficient allocation of goods in market is one in which no one can be made better off unless someone else is made worse off.
Which of the following statements is TRUE according to the text?
3
5.0
I am sure most of you have downloaded music a number of times. Downloading music is one of our favourite activities on the Internet. Most of us love surfing websites that facilitate music downloads. Downloading music may make it conveniently available. But does it have a negative effect on the music industry?
Downloading music makes it readily available to the masses. Music reaches the masses in minute. When it can be downloaded, music lovers get what they need without struggling for long periods of time. When music becomes available within sometime after its release, it is a real musical treat for those waiting for the release.
When you download music, you save on the cost that would be incurred if you would have decided to buy it. The original copies of music need you shell out big bucks. If music is downloadable, you are sure to save money and thanks to the facilities of free downloading.
Supporters of music downloading claim that making music readily available contributes to the increased popularity of the artists. The concept of making music available for free downloads has in fact contributed to the frame of the music industry. Being available for download, music reaches the crowd in a relatively lesser amount of time thus boosting its popularity.
On the other hand, through downloading music makes it readily to the masses, it also makes it spreadable and wide overly. Something that is scarce is precious while something that is plentiful and easy to get tends to have lesser value.
The practice of downloading music tends to the diminishing sales of music cassettes, CDs and DVDs. It reduces the sale figures of music companies. It has an adverse effect on the music industry.
Downloading music gives rise to copyright and piracy issue. By downloading music you lose its originality. When you use the copied version of music; you indirectly encourage piracy. As you download music, you do not go for the purchase of the original copies of music, which may result in an indirect violation of copyright.
What is the argument against downloading music?
1
5.0
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