In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will affect supply or demand, and in what direction. a. There have recently been some important cost-saving inventions in the technology for making paint. b. Paint is lasting longer, so that property owners need not repaint as often. c. Because of severe hailstorms, many people need to repaint now. d. The hailstorms damaged several factories that make paint, forcing them to close down for several months.
Bus 207- Law and Responsibilities of Business Notes Jeff Radding – free legal advice th Final: Friday, June 10 @ 4:10pm 4/18/16 Video: The Man Who Sells the Moon - Dennis Hope has been selling property on the moon since 1980, talked to the UN & never got a response back with a problem, costs about $24 to buy a property, “novelty gift”, sell around 200 properties a day ~1.7mil a year TORTS - A civil wrong against persons or their property. In laymen’s terms, this means that somebody (the defendant) “screwed up” and hurt or injured somebody else (the plaintiff). - Primary aim: to compensate injured persons for such harms, seek to shift the risk of loss t