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Art [367]
3 years ago
7

(a) if the price increases from $4 to $8, by how much does the quantity demanded decline?

Business
1 answer:
Mandarinka [93]3 years ago
4 0
If the price increases from $4 to $8 or doubles then demand will probably fall off accordingly by 50% to compensate for the big increase, unless of course the demanded amount is an absolute necessity and keeping in mind that for a self-employed person a higher cost of an item can be charged as a business expense and help reduce income at tax time and also having the right materials and equipment right away can increase revenue as well which can also help to offset the cost.
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David, a real estate broker representing the seller, received an offer on his client's property for $450,000, $50,000 below the
Evgen [1.6K]

The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.

<h3>What is a real estate broker?</h3>

Generally,  Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.

In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.

Read more about broker

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8 0
2 years ago
An individual who lacks self-esteem and questions his or her self-worth is more likely to absorb a leader's direction rather tha
Deffense [45]

Answer: True

Explanation:

Self-esteem describes th self worth of an individual. Someone who has a self esteem believes in himself or herself and likes himself or herself.

It should be noted that an individual who lacks self-esteem and questions his or her self-worth is more likely to absorb a leader's direction rather than establish and individual way of leading or thinking. This I because the person doesn't believe in himself or herself and is afraid to do things on his own.

3 0
3 years ago
An electronics store introduces three new types of music players to its customers. Each of the new music players are priced at $
Sergio039 [100]

Answer: The case of the number nine

Explanation:

Studies have shown that the human brain prefers to buy things whose prices end with the number 9 as opposed to zero such as 10 or 100.

The brain apparently interprets the number 9 at the end of a price to mean that the person is saving money and getting better value by buying the product. In making all three prices end in nine, the electronics store is using this psychological pricing strategy.

4 0
3 years ago
Company A pays its managers a fixed salary. Company B ties compensation to the performance of the stock. Which company’s compens
11111nata11111 [884]

Answer:

Company B

Explanation:

The reason is that the interest of shareholders is to maximize its investment worth and the manager desires to have better salary which is cost to the shareholders. This means that the shareholder's interest are in conflict with that of management which is also known as agency problems. The alignment of interests of both shareholders and the manager is when the payments made to managers in compensation for their salaries are in shares not in cash form. The manager would now work hard to generate more profits than before, this will increase the value of shares in stock exchange which every shareholder desires. So Company B has mitigated conflicts of interest between managers and shareholders by offering managers shares in compensation for their services offered.

5 0
4 years ago
"To communicate directly or indirectly facilitate exchanges by informing and persuading audiences to accept an organization's pr
stich3 [128]

Answer:

promotion

Explanation:

In Marketing mix, promotion refers to all the efforts that the company do in order to achieve two objectives :

- Make the consumers aware about their product

- Somehow influence the consumers to purchase the products.

Advertising is the main methods that most companies use in order to create awareness of their product. This might cost a lot of money, but if the advertising campaigns are successful, they will take a lot more in return.

In order to influence the consumers, the company could utilize various techniques. They could use things such as attractive packaging, cheap prices, additional values from the materials/ingredients of the products, innovation, etc.

4 0
3 years ago
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