Answer:
As price decreases, the demand increases.
Explanation:
The law of demand states that other things being constant, there is an inverse relationship between the price of the product and its demand. In other words, price and quantity demanded move in the opposite directions.
At higher prices, the quantity demanded is small while at lower prices it is more. This is why the demand curve is a downward-sloping curve.
Other factors that are assumed to be constant are the price of other goods, income, population, tastes, and preferences, etc.
I believe the answer is the demand would increase.
It is i just took the test and made a 100
b. match the needs of the market to the company's abilities
c. initiation of meetings
d. commitment of resources
Answer:
the correct answer is
a. identification of a potential market
The question applies the principles of demand, supply, and pricing in the context of two movie theaters - The Modern Multiplex and The Sticky Shoe. By understanding the relationship between price, demand, and the cost to serve each customer, we can analyze the probable outcomes of price regulations, like the imposition of a price floor, on the businesses.
The question pertains to the economic concept of demand curves and consumer behavior using two movie theaters as examples. The Modern Multiplex and the Sticky Shoe operate at different prices and attract different numbers of customers. The demand for movies at the multiplex is given by the equation qmm = 14 - pmm + pss, while the demand at Sticky Shoe is given by qss = 8 + 2pss - pmm. Here, 'q' represents the quantity of movies demanded and 'p' represents the respective price in dollars.
Given that Multiplex has higher expenses per customer at $4, their ticket prices would naturally be higher than Sticky Shoe, which has a lower cost per customer at $2. This translates to their demand equations; the negative sign in front of pmm in Multiplex's demand equation suggests that as prices increase, their demand decreases because more people start favoring Sticky Shoe. Similarly, the positive sign in front of pss in Sticky Shoe's demand equation indicates that as their prices decrease, more customers prefer it over Multiplex.
This problem demonstrates how price floors can create surpluses and shortages, leading to inefficiencies in the market. For instance, if a minimum price (price floor) is set above the equilibrium price, the quantity supplied at this higher price will exceed the quantity demanded, thus leading to a surplus. If not managed carefully, these surplus situations can indeed lead to losses and business closures, as shown in the movie theater example.
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Answer:
c. exactly conform to the contract in every detail.
Explanation:
Under the perfect tender rule, BRC must ship or tender goods to the lessee that exactly conform to the contract in every detail.
The Perfect Tender rule is a term that refers to the legal right a buyer to insist that the goods purchased conform precisely to the product description in quality, quantity, and manner of delivery. If the goods fail to conform to the description, the buyer may legally reject the goods offered.
Answer:
Can you please post a clearer picture
Explanation:
If you can I might be able to help.
Answer:
As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the R-square for new model to be higher than the old model.
Explanation:
As the R square is the coefficient of the variation and it determines the percentage of explained variability of the data. It should be higher as the new model is the best fit to the data.
choosing a small or mid-sized car
b.
extending the length of the repayment period
c.
increasing the amount of your down payment
d.
shopping for the highest finance rates