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
alukav5142 [94]
3 years ago
7

Suppose that 24% of the students in the first group answered yes and that 73% of the students in the second group answered yes.

It is likely that more students in the second group were willing to pay $75 for the pair of jeans because they were told the normal price was much higher. This is an example of a ________ effect in decision-making.
Mathematics
1 answer:
Lera25 [3.4K]3 years ago
5 0

Answer:

Price Discrimination OR Law of Demand; according to the complete question.

Step-by-step explanation:

24% of the students in the first group answered yes.

73% of the students in the second group answered yes.

More students in the second group were willing to pay $75 for the pair of jeans BECAUSE they were told that the normal price was much higher.

From this information, I guess that the first group was told (by the jeans vendor probably) that the $75 was higher than the normal price of the jeans. This will be the reason why a lesser percentage of students in Group A are willing to purchase the pair of jeans.

This is an example of PRICE DISCRIMINATION effect on decision making. Price discrimination is used in product marketing.

The same pair of jeans in Situation A cost higher than the normal price while in Situation B it cost lower than the normal price. Even though the figure given is static at $75 in both cases, the data that follows in the question tells it as 2 different prices; one favourable to the buyers and another not so favourable to the buyers.

The LAW OF DEMAND also applies here. The higher the price, the lesser the quantity demanded (by a group of students) and the lower the price, the higher the quantity demanded.

You might be interested in
Help me please....its really urgent
stepladder [879]

Answer:

what do we help u w\

Step-by-step explanation:

7 0
3 years ago
hey, do any of you guys know how to plot functions on a graph. You know like f(X) and g(X)? I find it really hard and also do yo
Tpy6a [65]
It helps if you have an example, like f(x) = 2x+3
What you typically do, is:

- draw xy axis, label them (ie., 1,2,3,4 along both axes)
- calculate the f(x) values for several x (e.g., -2, 0, 1, 3, doesn't matter).
- plot the calculated values as points. The calculated f(x) is your y value.
- sketch a smooth line through the points. It helps if you know in advance if the line is going to be straight or curved. 
- The more points you calculate, the more accurate your graph will be
3 0
3 years ago
Estimate 4,302 + 5,289
Masja [62]

Answer:

9,591

Step-by-step explanation:

Porque asi lo dice la calculadora

4 0
3 years ago
Read 2 more answers
Daniel invests $2,037 in a retirement account with a fixed annual interest rate of 6% compounded 6 times per year. What will the
notka56 [123]

Answer:

\$5294.72

Step-by-step explanation:

GIVEN: Daniel invests \$2,037 in a retirement account with a fixed annual interest rate of 6\% compounded 6 times per year.

TO FIND: What will the account balance be after 16 years

SOLUTION:

Amount invested by Daniel =\$2037

Annual interest rate =6\%      

Total amount generated by compound interest is  =P(1+\frac{r}{n})^n^t

Here Principle amount P=\$2037

rate of interest r=6\%

number of times compounding done in a year n=6

total duration of time nt=16\text{ years}

putting values we get

=2037(1+\frac{6}{6\times100})^1^6

=2037(\frac{101}{100})^1^6

=\$5294.72

Hence the total balance after 16\text{ years} will be \$5294.72

4 0
3 years ago
4x-5x+7-9y+2x+34<br> (Simply)
Studentka2010 [4]
I believe it is 1x - 9y + 41
5 0
3 years ago
Read 2 more answers
Other questions:
  • Complete the square to rewrite y = x2 – 6x + 5 in vertex form. Then state whether the vertex is a maximum or a minimum and give
    7·2 answers
  • Largest number you can make using 1 3 5 4 7
    10·2 answers
  • Which expression is equivalent to 6^-3?<br> 6^3<br> 3^6<br> 3sqrt6<br> (1/6)^3
    13·2 answers
  • Maggie answered 20 out of 25 questions correctly on a math test. What percent of the questions did she answer correctly?
    11·2 answers
  • HELP ME PLEASE ASAP WORK DUE IN AN HOUR PLEASEEE!!!! WILLING TO GIVE ANYTHING
    14·1 answer
  • !!!PLEASE ANSWER!!!
    14·1 answer
  • Please help me ASAP! on these two questions please and thank you have a great and blessed day!
    7·1 answer
  • Equation 1: 4(2x-10)=8
    12·1 answer
  • Plz help will give brainliest if correct
    7·2 answers
  • Help me with math!!!!
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!