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In the dynamics of a certain market, it would be externalities as a consequence of the normal operation of buying and selling of this market. An externality happens when a third-party (not involved in the...
(Barr and Britvic are two of the three largest soft drink firms in the UK.)
A economies of scale
B an increase in consumer surplus
A reduction in the interest rate will increase the incentive for consumers to spend money. This increases consumption which increases aggregate demand.
An increase in the interest rate wi...
Initially the curve is perfectly elastic. This means without raising the price level, output can increase. Output then becomes increasisngly less responsive to changes in the price level until the curv...
This depends on a multitude of factors and is tricky to answer.
One of the ways in which a higher NMW, which the latest government is implementing, would reduce inequality, is simply beca...
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