It is evident from the problem statement that an overall price reduction of Nike air max shoes will lead to an increase in the demand for the shoe.
In Economics, the relationship between price and demand is stated as follows <em>"If all other factors remain equal, the higher the price of a good, the </em><em>fewer</em><em> people will </em><em>demand</em><em> that </em><em>good</em><em>. In other words, the </em><em>higher</em><em> the price, the </em><em>lower</em><em> the </em><em>quantity</em><em> demanded and vice versa."</em>
<em />
In all, the Law of Demand tells us that if more people want to buy something, given a limited supply, the price of that thing will be bid higher, also of the price of something is low the demand will be high.
learn more:
brainly.com/question/25585026
<em />
<em />
<em />
Answer:
square or rectangle
Step-by-step explanation:
Notice that both A and B are multiplied by (1/2).
Thus, the given expression can be re-written as [(1/2)(A+B)]^2.
Square the (1/2) and the (A+B) separately, and then multiply together the resulting squares:
(1/4)(A^2 + 2AB + B^2)
Answer:
17.11%
Step-by-step explanation:
since 43.2 months is the mean, and the standard deviation is 7.7 months
that means if we take the z score:
z=(36-43.2)/7.7
now that we know how many standard deviations you are away from the mean: -0.9351
using the zscore table you can find the proportion, or you can use the calculator if you have one that can do that.
you get 0.1711 which in percentages is 17.11%
