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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

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<h3>What is surplus resources?</h3>

Surplus is the amount of an asset or resource that exceeds the amount used. To calculate consumer surplus, simply divide the consumer's actual price by the amount they were willing to pay.

When you have more of something than you need or intend to use, you have a surplus. For example, if you cook a meal and there is food left over after everyone has eaten, you have a surplus of food.

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The combination of debt financing and equity financing that maximizes a firm's value is known as its:
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optimal capital structure can be regarded as a combination of

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if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the presen
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if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series

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What is a discount(or interest) rate?

An interest rate is the rate of return the present value of the series can over as an interest over the investment time horizon.

On the premise that the interest rate is positive, it means that there would positive value-added over the investment period which increases the present value to ensure that the future value exceeds the present value

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