How can you be sure that price P is the same for all vehicles? Why can't sellers with better cars not simply advertise their high car quality and charge higher prices?
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- If you wanted to increase demand for your restaurant butare unable to lower prices or increase advertising, whatsteps might you take?Why do many Carmex product prices end in 9?What type of pricing is this called? What shouldhappen to demand when this approach is used?hey im confused. when i enter this into my calculator 50/(1+0.05) + 50/(1+0.05)2 + 1000/(1+0.05)2 i get a 1000.so shouldnt quantity demanded be 2000?
- What is the differencw between the demands for hotels and pricing decisions for persons who gets a discount for booking early and staying longer than persons who book late and stay shorter?What is a consumers wishedfor level of performances?he quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded ach month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is $80 er higher. At a unit price of $100, they are willing to market 2250 units. Both the supply and demand equations are known o be linear. (a) Find the demand equation. -1 -x + 146 25 p = (b) Find the supply equation. 1 x+ 70 p = 75* (c) Find the equilibrium quantity and the equilibrium price. |× units
- Assuming that food platters and entertainment are normal goods, what can yousay about the quantity of each good thatHeather will purchase after the discount?Will the quantity of entertainment increase ordecrease, or is the change uncertain? Will thequantity of food increase or decrease, or isthe change uncertain?Which term is used to describe the want satisfying power of a commodity or a service?[A] Demand[B] Want[C] Utility[D] Consumption Please dont use any ai tool. Thank youExplain how the demand curves for normal productsand to, prestige products differ. What are demandshifts and why are they important to marketetS? Howdo firms go about estimating demand? How can marketetS estimate the elasticity of demand?
- After analyzing the demand for his products, Ahmed realized that the demand for his products is inelastic. This means that, O a. the demand for his products are sensitive to price changes O b. it is not advisable to increase his price O c. the demand for his products are weak O d. it is fine to increase his priceThink back to a purchase that you made recently. How would you describe your thinking before you made that purchase?What does the price elasticity of demand indicate? How isthe perfectly inelastic demand curve illustrated . Give an example of a good which has perfectly inelastic demand and write down what the elasticity of perfectlyinelastic demand is equal to. What does the income elasticity of demand indicate ? What is the expected sign for income elasticity of demand for an inferior good ?
