4. As it is not the finance departments job to keep up with reputation and how they look.
Answer:
D) a decrease in both the aged cheddar cheese and bread markets.
Explanation:
A 10% income tax increase will shift the aggregate demand curve to the left, reducing total demand. This should affect both necessities and luxury goods.
In this case, the demand curve for both aged cheddar cheese and bread will shift to the left, reducing the total quantity demanded at every price level. This will result in a lower equilibrium price for both goods.
FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students in the United States to determine their eligibility for student financial aid. Hope this helps.
Answer: Marketers need demand-based price information in industries dominated by price competition.
Explanation: In a competitive market, marketers need to study the price of other marketers in the market. This would enable the marketers to know how to adjust their prices to attract customers to their products.
A competitive market is one which is controlled by the forces of demand and supply.
