1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sveta_85 [38]
2 years ago
10

If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.

Business
1 answer:
solmaris [256]2 years ago
3 0

For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

An example of a prestige product is an old car.

Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

Learn more about the demand for prestige products at brainly.com/question/6374886

You might be interested in
A national polling organization wishes to estimate the percentage of all teenagers who believe social security will 'be there' f
Nutka1998 [239]

Answer:

B) All teenagers.

Explanation:

The population of interest of any survey is the total population that is under study. In this case the population of interest includes all the teenagers in the country.

The 1,500 random sample should represent the total population of teenagers, but it is not the population itself.

5 0
3 years ago
Brett, the manager at Warson’s Diner, plans to promote Keisha, one of the waitresses, to the position of an assistant manager. H
Sholpan [36]

Answer:

a)Brett has a cause of action against Warson's Diner for retaliatory discharge under Title VII of the Civil Rights Act of 1964.

Explanation:

From the question, we are informed about Brett, the manager at Warson’s Diner, who plans to promote Keisha, one of the waitresses, to the position of an assistant manager. We are also told that the owner, being racially biased, prevents him from doing so and in the end , Brett gets fired

What holds true in this scenario described above is that Brett has a cause of action against Warson's Diner for retaliatory discharge under Title VII of the Civil Rights Act of 1964.

Title VII of the Civil Rights Act of 1964. Is a law, of Act of 1964 that oversee any form of discrimination against employee of an organization and shield them from been discriminated because of race they belong to, their sex , their National origin an so on . The law doesn't only forbid discrimination that is intentional, but all actions that speak discrimination wether intentional or not.

7 0
3 years ago
The price elasticity of demand measures the consumers' sensitivity to a price change. the producers' sensitivity to a price chan
nikklg [1K]

Answer:

The consumers' sensitivity to a price change.

Explanation:

The price elasticity of demand is a measure of the change in the quantity demanded by customers for a product, relative to change in price. It is computed using the following formula:

Price Elasticity of Demand = %change in quantity demanded/%change in price

If the quantity demanded for a good rises or falls proportionally more than the change in price, the good is classified as elastic. For example, if the price of salt rises by 15%, and the quantity demanded falls by 20%, then salt is an elastic good.

If the quantity demanded for a good rises or falls proportionally less than the change in price, the good is classified as inelastic. For example, if the price of gasoline rises by 30%, but the quantity demanded only falls by 10% (as it's often the case in reality), then gasoline is an inelastic good.

5 0
3 years ago
N the models that describe population growth, r stands for _____
nadezda [96]
In the models that describe population growth, r stands for<em> </em><span><em>per capita population growth rate</em></span>
6 0
3 years ago
What is the award recieved after completing a four year undergrad program called?
madam [21]
The award received after completing a four year undergrad program is called a bachelors degree. 
3 0
3 years ago
Other questions:
  • Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at
    13·1 answer
  • What are the two types of state budgets?
    8·1 answer
  • If a developing country wishes to attract mass tourism it must:
    5·1 answer
  • Each member of the Board of Governors is selected
    7·2 answers
  • It is based on perceived characteristics such as style, fashion or peer acceptance.
    12·1 answer
  • Which of the following statements is correct? a. A security's beta measures its diversifiable (firm-specific) risk relative to t
    14·1 answer
  • During the year, a company's inventory decreased by $20,000. if the company's cost of goods sold for the year was $400,000, find
    14·1 answer
  • In advertising, puffery refers to ________. Group of answer choices broadcasting a straightforward promotional message including
    15·1 answer
  • What role does utilityLOADING... play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility
    15·1 answer
  • TriCorp is a major financial services corporation. With the CEO of TriCorp preparing to retire, several top managers are vying f
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!