What are welfare payments or consumer subsidies?
in a partnership, loans taken out by the general partners aren't binding on the limited partners. if a general partner takes out a loan, it effects all general partners no matter who took out the loan. a limited partner means they have limited liability therefor they are not responsible for the debts and obligations that the general partners are.
the awnser to the problem is true.
the correct statements are:an increase in price leads to a decrease in quantity demanded. a decrease in price leads to an increase in quantity demanded.
according to law of supply & demand:there is an inverse relationship between the price & quantity demanded. there is an direct relationship between the price & quantity supplied.