1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lawyer [7]
3 years ago
13

For each example, determine how the market for the good in bolded text will respond to the described change. Due to increases in

hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25. A company offers a coupon for $6 off the price of laser tag. A sharp increase in the price of wood causes increases in prices for dressers and desks. At a week‑long special at the grocery store, pork shoulder is on sale at $1.99/lb, down from $3.99/lb. A website offers a buy‑one‑get‑one‑free special for digital music albums. Answer Bank
Business
1 answer:
crimeas [40]3 years ago
3 0

Answer:

Explanation:

According to the law of demand,a rise in price leads to a decrease in quantity demanded and a fall in price leads to an increase in quantity demanded.

1.The price of a gallon of 2% milk has risen, therefore, quantity demanded decreases.

2.The price of laser tag has fallen,therefore,quantity demanded increases.

3.The price of dressers and desks has risen,therefore,quantity demanded decreases.

4.The price of pork shoulder has fallen from $3.99 per pound to $1.99 per pound,therefore,quantity demanded increases.

5.Another MP3 album comes free,with purchase of an MP3 album .This means the supplier have effectively halved the price.therefore,quantity demanded increases.

You might be interested in
Katlyn Williams owns a company that makes specialized components for the aerospace industry. Her most important customer is a co
omeli [17]

Answer:

Need to accommodate the growth of a key customer.

Explanation:

In the given scenarios Katlyn is motivated to keep her company growing because her most important customer is a company that is growing at a rate of 33% per year.

To satisfy the customer needs for specialised components of aerospace equipment, Katlyn's company must also grow in output or they will not be able to satisfy the customer's need.

This demonstrates need to accommodate the growth of a key customer.

7 0
3 years ago
Read 2 more answers
Write a conversation between florist and customer for ordering a bouquet to gift for mom on Mother's Day - write with etiquette
Tatiana [17]

Answer:

sorry sir you would have to do this on your own

8 0
2 years ago
Alayna is a voice and singing coach. She is a calendar-year taxpayer using the accrual method of accounting. On November 2, 2018
Umnica [9.8K]

Answer:

She should report $2400.00

Explanation:

She has a contract for 64 hours and she gets $3200.00 Just by aritmethics, this is doing a division we can find that she gets $50.00 for every hour, therefore if she gives 48 hours in 2019 we multiply $50.00 for 48 hours and we get $2,400.00

5 0
3 years ago
What is the difference between a government and a state
nadezda [96]

Though here are few differences between State and Government, State is a sovereign authority. While Government uses the sovereign authority of the state as an element. ... State is a larger entity is includes all individuals, associations and institutions that exist within its territorial boundaries.

6 0
3 years ago
Read 2 more answers
Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers w
Serga [27]

Answer:

  1. The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime pay, record keeping, and child labor. This includes any full time or part time worker employed by Centinix.
  2. The Immigration Reform and Control Act (IRCA) prohibits employers from hiring (or even recruiting) any alien/foreign citizen that doesn't have a proper work authorization. That means that all Centinix's employees should have a green card.

4 0
3 years ago
Other questions:
  • Howe Corporation calculates inventory and cost of goods sold one time at the end of every accounting period. In contrast, Kelty
    10·1 answer
  • What would happen to autonomous consumption if household debt fell and the interest rate rose over the same time period?
    15·1 answer
  • On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its
    14·2 answers
  • Using the following information: (a) The bank statement balance is $3,868. (b) The cash account balance is $3,971. (c) Outstandi
    15·1 answer
  • In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 c
    7·1 answer
  • Mattel wanted to determine if a new toy would appeal to preschoolers, so it put six 4-year-olds in a room with several toys and
    5·1 answer
  • Given $100,000 to​ invest, construct a​ value-weighted portfolio of the four stocks listed below.
    5·1 answer
  • A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provi
    8·1 answer
  • A(n) ___________________ is performed to identify the most serious risks, help you manage risks, and identify the best methods t
    13·1 answer
  • Assume the following account balances at January 1, 2019, for Bioplast Jewelry, Inc.: Accounts Payable (control account) $ 6,600
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!