Answer:
This is the result of law of demand and elasticity of demand
Explanation:
The law of demand states that, other things remaining equal, the higher the price of a commodity, the lower the quantity demand of that commodity. Also, the observed goods in the question is a normal good because all normal goods obey the law of demand.
In addition, the price elasticity of demand is ELASTIC. This means the good is sensitive to price. A 1% increase in price will lead to a significant decrease in quantity demanded.
Also the income elasticity of demand is negative, meaning an increase income means the quantity demanded will decrease. This usually happens for inferior goods.
All these three points can cause it
Answer:
d. An increase in the value of the pound by 0.6 percent
Explanation:
Given :
Regression equation : 
Change company estimates that 
to be 0.0 and the value of 
to be 0.6.
Now, ebp = 0.6 x inf + μt ----------------- 
When Inf = 1 (assume that the error term is 0)
ebp = 0.6 x 1 = 0.6
That is it is an increase in the value of pound by 0.6% with the one unit increase in the 
.
Therefore, option (d) is correct.
Answer:
determining the final price
Explanation:
In the given scenario Malcolm wants to use a pricing strategy that relies on his extensive experience and legal background rather than on time or effort spent on cases.
So he is promoting a higher quality of legal representation compared to other firms.
The next step in his pricing strategy will be to set the final price he wants to.offer his services.
This should be done by taking note of other law firms operating in the same community. A price that is too high will drive customers to competitors.
Answer:
An online savings account offers higher interest rates because they don't have the overhead that standard banks have.
~batmans wife dun dun dun....
The main purpose of taxes is used to help support and continue government programs that help provide stable housing and food for the poor. :D
