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Lelechka [254]
2 years ago
10

Assume the manager is located at point B in the diagram above, and he is charging a price of P0. What does the demand for the fi

rm's goods look like if the management anticipates that rivals would not match price reductions but will match price rises instead of price decreases?

Business
1 answer:
Elena-2011 [213]2 years ago
8 0

The demand for the firm's goods based on the diagram given and the current price is elastic.

<h3>Why is the price elastic?</h3>

Demand is said to be elastic when quantity demanded decreases when prices increase, and vice versa.

Looking at the graph, if there is a price increase by management, the demand will decrease as shown by the space on the blue line above quantity B.

If prices reduce however, the demand increases as shown by curve D₂.

In conclusion, the demand is elastic.

Find out more on elastic demand at brainly.com/question/7966430.

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Which of the following is an advantage of consumer credit?
Ksivusya [100]

D. It can allow you to save money if you time your purchases correctly.

For example, you could purchase something when it goes on sale and pay it off with minimal interest rather than waiting to save up money and buying at full price. (the other answer choices are all disadvantages to consumers).

8 0
3 years ago
How do I become a business man?​
rjkz [21]

It depends. Do you want to start a business? If so, it costs alot of money. First you need to decide what you want you business to be, then you have to build a corporation and hire workers.

8 0
3 years ago
Read 2 more answers
Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar
Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

                                                                                    $

17,130 hours should have cost ( 17,130 ×7.20)      123336

but did cost                                                            <u>120,466</u>

Variable overhead rate variance                           <u>  2870 </u> Favorable

Variable overhead rate variance = $2,870              

6 0
3 years ago
Blank is the deadline for filing both federal and state income tax returns.
Kay [80]

Answer:

April 15th

Explanation:

5 0
3 years ago
In many cases, it is reasonable to refer to the ________________ as the price.
Sladkaya [172]

Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

<h3>What is an opportunity cost?</h3>

It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.

Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

Read more about opportunity cost

<em>brainly.com/question/1549591</em>

#SPJ1

6 0
2 years ago
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