The city is going to ....................... for the team to start to build a new housing project. Their proposal will be approved soon.

Let's go to the first day of the festival. It ................... on Monday with a free concert.

Typical ............................ jobs include company management, lawyers, accountants, financial and insurance jobs, consultants, and computer programmers, among many others

The Korean entertainment business ............................. in the world showbiz industry.

I always go the the park every weekend. The underlined word is ....

On cold winter days, I love to have a cup of warm chocolate. The underlined word is ....

Stewart can speak English very well. The underlined word is ....

He drives his car slowly down the mountain road. The underlined word is ....

What language do most people speak in Brazil? The underlined word is ....

Bananas are a typical example of perishable goods. By 'perishable' we mean goods that cannot be stored for any length of time without going bad. Most foodstuffs are in the perishable category. Such goods are offered for sale as quickly as possible, and so the supply of perishables and the stock of perishables available at any time are usually the same in quantity.

Question: Which kind of goods are offered for sale as quickly as possible?

Bananas are a typical example of perishable goods. By 'perishable' we mean goods that cannot be stored for any length of time without going bad. Most foodstuffs are in the perishable category. Such goods are offered for sale as quickly as possible, and so the supply of perishables and the stock of perishables available at any time are usually the same in quantity.

Question: The word 'perishable' can be replaced with...

This is not true in the case of non-perishable goods like coal, steel, and cars, which do not deteriorate easily. The supply of cars on the market may not be the same as the actual stock of cars in the factories. Economists talk about the Law of Supply, in which a rise in prices tends to increase supply, while a fall in prices tends to reduce it. If prices rise for a particular commodity, the rise will of course encourage producers to make more. On the other hand, if prices fall either locally or throughout the world, producers will reduce production. This can result in serious difficulties for many producers, 15 and may cause them to go out of business completely. Over-production of any commodity can also create difficulties because it can lead to a glut in the market, which may cause prices to fall sharply.

Question: rise and fall in prices affect ....

This is not true in the case of non-perishable goods like coal, steel, and cars, which do not deteriorate easily. The supply of cars on the market may not be the same as the actual stock of cars in the factories. Economists talk about the Law of Supply, in which a rise in prices tends to increase supply, while a fall in prices tends to reduce it. If prices rise for a particular commodity, the rise will of course encourage producers to make more. On the other hand, if prices fall either locally or throughout the world, producers will reduce production. This can result in serious difficulties for many producers, and may cause them to go out of business completely. Over-production of any commodity can also create difficulties because it can lead to a glut in the market, which may cause prices to fall sharply.

Question: What is the effect of prices change locally and throughout the world?

Supplies of many commodities can generally be adjusted to suit market conditions. This means that changes in prices lead to changes in the quantity of a particular commodity that is made available to consumers. Household goods and furniture belong to this category. In such instances supply is said to be 'elastic', because it can be increased or decreased rapidly in response to market prices.

Question: Why is household goods and furniture said to be 'elastic'?