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
If the economy is normal, Charleston Freight stock is expected to return 16.5%. If the economy falls into a recession, the stock
Vinil7 [7]

Answer:

The Mean return = 0.8*16.5% + 0.2*-11.6%

The Mean return = 0.132 + (-0.0232)

The Mean return = 0.132 - 0.0232

The Mean return = 0.1088

The Mean return = 10.88%

Variance = 0.8*(16.5%-10.88%)^2 + 0.2*(-11.6%-10.88%)^2

Variance = 0.8*(5.62%)^2 + 0.2*(-0.72%)^2

Variance = 0.012634

6 0
2 years ago
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co
Sunny_sXe [5.5K]

Answer:

d. Credit to the investment account for $9000.

Explanation:

Since Zach company owns 45% of the voting stock in the Tomas corporation and Tomas corporation uses an equity method in recording this investment and it reports a net loss of $20,000.

The Zach company's entry would be Credit to the investment account for $9000.

- Calculations: $20000 * 0.45 = 9000.

Hope this helps.

ThankYou.

6 0
3 years ago
Read 2 more answers
Marc agrees to sell Diana 500 copies of a book for $3.50 per book. Marc breaches the contract by not delivering the books. At th
Lesechka [4]

Answer:

$500

Explanation:

Damages refer to the financial loss suffered by a party to a breached contract. It occurs as a result of one party refusing to perform their obligation in the contract, causing injury and losses to the other.

Damages are the extra expense incurred by the offended party due to the breach of contract. The calculation of damages involves getting the difference between the market price and the contract price. For Diana, the damages will be the market price of $4.50, and the contact price $3.50. Because the books were 500, her damage would be 500 X 1 = $500.

6 0
3 years ago
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t
kiruha [24]

Answer:

The three main pillar of sustainability

Explanation:

Sustainability is fulfilling the present needs without compromising the needs of the future generation.

The three main pillars of sustainability include economic, environmental and social.

Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.

Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment

Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.

3 0
2 years ago
Read 2 more answers
At the end of a long day, Sabrina, a cashier for a supermarket is counting the paper money. One of the bills falls from the cash
Slav-nsk [51]

Answer:

It is an act of theft and conversion of property that is not her own. However it is not intentional

She should not be convicted

Explanation:

Embezzlement is defined as the intentional managemnet of.funda that are put in the care of a person. This is done in order to have a personal gain from the management.

It is when an individual engages in theft of entrusted funds.

In the given scenario although the cash fell into her bag, she did not intentionally take the money for personal gain.

As this is the main concept of embezzlement, she can't be held guilty of embezzlement

4 0
2 years ago
Other questions:
  • A budgeting process where individuals who are impacted by a budget are directly involved in its development is​ called: A. parti
    12·1 answer
  • Assume the small-country model is applicable. If the world price of the product is $6 and an import quota of 400 units is impose
    11·1 answer
  • A man buys 4.5 acres of land for $78,400. an adjoining owner wants to purchase a strip of this land measuring 150 feet by 100 fe
    7·1 answer
  • To achieve the human resource management goal of promoting individual growth and development, organizations should:
    5·1 answer
  • During 20X0, Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. At December 31, 20X0, one-half of these good were inc
    5·1 answer
  • Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income
    14·2 answers
  • "I’m not sure we should lay out $250,000 for that automated welding machine," said Jim Alder, president of the Superior Equipmen
    6·1 answer
  • The product life cycle defines the stages that new products move through as they enter, are established in, and ultimately leave
    14·1 answer
  • Which is not an advantage of a personal professional liability policy? Select one:
    9·1 answer
  • "The Bureau of Labor Statistics reported in 2005 that there were 50.40 million people over age 25 whose highest level of educati
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!