Answer:
a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right
Explanation:
As the income of consumers have increased that means that the buying capacity has increased, which contributes to increase in demand of the product.
Further the raw material required to manufacture the product now cost less, accordingly the supply will also be increased.
But the supply would only increase if the producers realize that the demand has increased.
Accordingly, demand shall increase faster than the increase in supply.
Answer:
A
Explanation:
I don't know if I am correct but I am going to try. Debit cards, checks and credit cards come from your money. So that leaves EPTs. Sorry if I am wrong.
Answer:
A. the rental incomw darnell could receive if he choose to rent out his showroom
Basically, the students would expect to pay the prices affixed in times of promotion. This is especially so if the promotions programs are done on a constant basis and if they result to massive interests in the products on offer.
In reality though, the students would have expected to pay the normal prices since promotions are temporary and can never and should never be used as a main selling strategy.
