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andrezito [222]
1 year ago
9

If the price of verizon cell phones increases, what will happen to the demand curve for verizon sales people?

Business
1 answer:
MatroZZZ [7]1 year ago
5 0

If the price of verizon cell phones increases, the demand curve for verizon sales people will shift to the left.

This is because of the law of demand. When the price of the verizon cell phone will increase its demand will fall which inturn will lead to fall in the demand of the verizon sale people.

With the decrease in the demand the demand curve will shift to the left.

The law of demand defines that the quantity which is purchased varies inversely with price. The higher the price, the lower will be  the quantity demanded. This happens because of diminishing marginal utility.

To know more about the demand curve here:

brainly.com/question/10782448

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Help
lana66690 [7]
<h2>Law providing incomplete answer</h2>

Explanation:

1. Lack of competition : This is not the right answer because no business culture will be set up in such a manner to decrease the level of competition. Because employees needs to be competitive for bringing success to the organization.

2. Law providing incomplete answers : This is the right answer.

3. Stagnant or decreasing profit: Business always focuses on profit. So this

4. Lack of strong leadership : Any business culture will only uplift the leadership to both promote individual and the organization.option stands invalid.

4 0
3 years ago
In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not
serg [7]

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.

8 0
3 years ago
Estimate the effective annual rate (ear) for a continuously compounded annual nominal rate of 8.00%.
kirill115 [55]
The effective annual rate is 8.33%.
we can calculate the effective nominal annual rate by using this formula;
r = e∧i - 1
e is the constant = 2.718
i = compounded annual nominal rate = 8% = 0.08
r = 2.718∧ (0.08) - 1 
= 1.0833 - 1
= 0.0833 = 0.0833 x 100 = 8.33%
8 0
3 years ago
Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each
Andrei [34K]

Answer:

The following is the list of arguments that could be produced at the time of public hearing:

Owners of small business located nearby:

Pros:

additional business ideas can be developed

Un-employed can get opportunities for employment

Low investment – high profits

It acts as good retailer

E-commerce can be highly developed

Product diversity

Cons:

Lot many ideas can leads to confusion

Poor health conditions

High profits – high risks

Decision making on critical situations will be difficult

Racism issues might occur

Lot many employees at one place creates mess

Town residents and residents of nearby towns:

Pros:

Affordable prices

Lot many options

Many products

Employment opportunities

Helps for the development of the country

Cons:

Many options lead to confusion

Many products – consumer will not able to decide what to buy

Individual growth might be delayed

Risk is high

Investments can't be returned with high-speed

Explanation:

8 0
3 years ago
The range rule of thumb roughly estimates the standard deviation of a data set as​ _______.
goblinko [34]
Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>
5 0
3 years ago
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