Relative prices must be able to adjust to market clearing levels must take place for quantity demanded to continually be equated with quantity supplied
A Relative prices is the fee of a commodity together with a very good or carrier in terms of another; i.e., the ratio of charges. A relative fee may be expressed in phrases of a ratio among the prices of any two items or the ratio between the rate of one right and the rate of a marketplace basket of goods.
Why are relative prices important?
Relative-price moves deliver essential facts approximately the shortage of specific items and services. A growing relative price shows that demand is outstripping supply (or that deliver is falling in the back of call for), at the same time as a falling relative charge denotes simply the opposite.
what is the Relative price rule?
The Relative prices rule says that at the superior consumption package the MRS between items ought to be same to their relative charge.
What does Relative price suggest in economics?
The Relative prices is its fee in terms of some different true, service, or package deal of goods. The term “relative fee” is used to make comparisons of different goods at the equal second of time.
Learn more about Relative prices here:- brainly.com/question/2137917
#SPJ4
Answer:
Should not be concerned
Explanation:
In the scenario being described, it can be said that the homeowner should not be concerned. That is because even though she did discriminate against the individual, Single-family homes rented without the use of a real estate agent or advertising are exempt from the federal Fair Housing Act. This holds true as long as the owner of the property does not own more than three homes at any given time. Therefore since there was no real estate agent, the man can't sue.
Answer:
The correct answer is a) Core service failure.
Explanation:
For all companies, customer service is essential, since if there are satisfied customers, the company will get better benefits. Currently, excellent customer service makes a difference in companies since the consumer not only looks at prices and quality but also how it is treated. On some occasions, the people in charge of the client service can commit failures with the effect of loss clients.
For example, in the case of Eric, there is a failure in the central service of the hotel, which cost Eric not to get his room. For Eric, this is a case of poor hotel service, which will the effect that Eric Look for another company that provides the service to meet his need for accommodation.
<em>I hope this information can help you. </em>
Answer:
Consumers in Louisiana love hot sauce, and Tabasco and Crystal brands are particularly popular there. Consumers in Michigan do not like hot food, so they purchase very little hot sauce. A national chain of grocery stores would likely use <u>geographic</u> segmentation when stocking condiment merchandise
Explanation:
Geographic sementation is when a business divides its market considering geography.
Answer:
Letter C is correct. <u>Offer products with complementary demand patterns (e.g., jet skis and snowmobiles).</u>
Explanation:
This alternative is correct, as this strategy can be related to strategic capacity management, which can be defined as understanding the characteristics of organizational processes, which optimizes the use of the company's operational capacity.
Therefore, the strategy exemplified in alternative C, helps the organization to offer the desired quantity of products or services and helps to facilitate the use of facilities, equipment and personnel.