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AleksAgata [21]
3 years ago
12

"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity i

s _________________.
Business
1 answer:
lisabon 2012 [21]3 years ago
4 0
The new equilibrium price is higher and the new equilibrium quantity is higher
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The owner of a shopping mall wishes to expand the number of shops available in the food court. She has a market researcher surve
Angelina_Jolie [31]

Answer:

The Sampling Bias

Explanation:

Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.

Therefore this can be termed as a <em>Sampling Bias. </em><em>The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.</em>

<em>Hope this helps. Good luck.</em>

8 0
3 years ago
Diamonds and other jewels often carry a high price to convey an image of high quality or uniqueness. This type of pricing is kno
olchik [2.2K]
Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.
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3 years ago
Use the following information to determine the break-even point in units (rounded to the nearest whole unit):
denis23 [38]

Answer:

29,771 units

Explanation:

The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:

Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)

Break-even point in units= $195,000/($14.95-$8.40)

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Break-even point in units= 29,771 units

The break-even point in units is 29,771.

4 0
3 years ago
Intermediate Goals for game designers ​i need help
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ABC Tax Planning Service started business in January 2018. The company rented an office for 7,000 per month starting from Januar
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Answer:

The answer is: C) $14,000

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ABC Tax Planning Services paid six months of rent in advance, from January to July. It spends $7,000 per month on rent, so the six months prepaid rent would be $42,000. On April 30, 2018, ABC had already rented the offices for 4 months, so it had only two months left in its Prepaid Rent account, equivalent to $14,000 (2 x $7,000).

3 0
3 years ago
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