Answer:
A and C
Step-by-step explanation:
It is evident from the problem statement that an overall price reduction of Nike air max shoes will lead to an increase in the demand for the shoe.
In Economics, the relationship between price and demand is stated as follows <em>"If all other factors remain equal, the higher the price of a good, the </em><em>fewer</em><em> people will </em><em>demand</em><em> that </em><em>good</em><em>. In other words, the </em><em>higher</em><em> the price, the </em><em>lower</em><em> the </em><em>quantity</em><em> demanded and vice versa."</em>
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In all, the Law of Demand tells us that if more people want to buy something, given a limited supply, the price of that thing will be bid higher, also of the price of something is low the demand will be high.
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Answer:
The median is the middle number in a sorted, ascending or descending, list of numbers and can be more descriptive of that data set than the average. ... If there is an odd amount of numbers, the median value is the number that is in the middle, with the same amount of numbers below and above.
Step-by-step explanation:
