Answer:
Quantity will rise, and the effect on price is ambiguous.
Explanation:
Music compact discs are normal goods. There is a positive relationship between the demand for the normal goods and the income of the consumers.
If the compact disc players become cheaper to produce then as a result all the producers start producing music compact discs and this will increase the supply of music compact disc. This will shift the supply curve rightwards.
And if the income of the music lovers increases then as a result the demand for music compact discs increases. This will shift the demand curve rightwards.
Therefore, these changes will increase the equilibrium quantity and the impact on equilibrium price is ambiguous because that will be dependent upon the magnitude of the shift of supply and demand curve.
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this growth stage. In the growth stage the sales will start climbing quickly.</span>
Answer:
52.7%
Explanation:
Coefficient of variation=
times 100%
=
times 100%
= .5270462767 times 100%
= 52.704627667
Which rounded to the nearest tenth percent is 52.7%
Answer:
an increase in the price of both
Explanation:
A decrease in the supply of paprika would cause an increase in the price of both substitute goods. When the supply of paprika falls, the demand will be greater than what is available for sale and this would cause the sellers to raise it's price afterall it is now scarce.
Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.
Answer:Inventory on hand Balance at the end = $4620
Explanation:
The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.
Opening Inventory balance = 180 x $28 =$5040
Purchased inventory = 290 x $30 = $8700
Cash sale (330 x $44) = $14520
Purchase inventory (230 x 34 ) = $7820
Cash sale (55 x $44) = $2420
Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420
Inventory on hand Balance at the end = 4620 = $4620