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Chapter 25: Q. 1- For Critical thinking (page 573)

If efforts by traditional financial-planning firms to promote their financial therapy services prove successful, what will happen to the positions of and shapes of the demand curves that they face? Explain.

Short Answer

Expert verified

A criteria curve in economy is a storyline of a correlation between the price of the goods and its request. The upcycling shifts to the left whenever the predictor did cause prices to fall. This decreases the quantity of items needed for a service or product.

Step by step solution

01

Introduction.

A financial adviser's primary task is to help clients in developing decision - making, constructing financial goals, lowering, influencing, and/or managing expenses, but in establishing proper main steps for creating and generating wealth. Financial planners collaborate to unit trust funds and money managers.

02

Explanation.

If the causal factor creates the prices to drop, the inclined to purchase shifts to the left. This means that smaller product or service modules are required.

03

Demand curves.

In economics, a mandate curve demonstrates the connection between a product's characteristics, cost, and desire. The lateral axis of the graph shows the cost, and the horizontal stripe represents the quantity demanded.

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