Answer:
The correct answer is: decrease in demand.
Explanation:
The equilibrium price and quantity are determined through the intersection of demand and supply curves.
An increase in demand will cause the demand curve to move to the right. This will cause both the price level as well as quantity to increase.
A decrease in supply will cause the supply curve to shift to the left. This will cause the price to increase and quantity to decline.
A decrease in the demand curve will cause the demand curve to shift to the left. This will cause the price as well as quantity to decline.
If I've got it right, the answer with missing word looks like this: The market-perceived quality attributes are embedded in the total product, that is, the physical or core product and all the additional features the consumer expects.
Answer:
The company paid $278,031
Explanation:
Giving the following information:
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.
<u>To calculate the past value of the land, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= present value (20 years ago)
n= 20
FV= 575,000
i= 0.037
PV= 575,000 / (1.037^20)
PV= $278,031