It is evident from the problem statement that an overall price reduction of Nike air max shoes will lead to an increase in the demand for the shoe.
In Economics, the relationship between price and demand is stated as follows <em>"If all other factors remain equal, the higher the price of a good, the </em><em>fewer</em><em> people will </em><em>demand</em><em> that </em><em>good</em><em>. In other words, the </em><em>higher</em><em> the price, the </em><em>lower</em><em> the </em><em>quantity</em><em> demanded and vice versa."</em>
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In all, the Law of Demand tells us that if more people want to buy something, given a limited supply, the price of that thing will be bid higher, also of the price of something is low the demand will be high.
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Answer:
the probability that Jack draws the blue ball is 0.38539
Step-by-step explanation:
Given the data in the question;
box contains
blue balls = 5
red balls = 8
Jim and Jack start drawing balls from the box, respectively, one at a time, at random, and without replacement
Now,
on the first attempted;
⇒ ( 8/13) × ( 5/12) = 10/39
on the second attempt;
⇒ ( 8/13 ) ( 7/12) ( 6/11 ) ( 5/10 ) = 14/143
on the third attempt;
⇒ ( 8/13 ) ( 7/12) ( 6/11 ) ( 5/10 ) ( 4/9 ) ( 5/8 ) = 35/1287
on the fourth attempt;
⇒ ( 8/13 ) ( 7/12) ( 6/11 ) ( 5/10 ) ( 4/9 ) ( 3/8 ) ( 2/7 ) ( 5/6 ) = 5/1287
so we add everything;
⇒ 10/39 + 14/143 + 35/1287 + 5/1287
= 0.38539
Therefore, the probability that Jack draws the blue ball is 0.38539
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Answer: A. 15x = 10</u></h2>
Step-by-step explanation: 15 x 2/3 = 10.
-zomba
Answer:
Step-by-step explanation:
y=mx+b
y=5x-1
The answer is A
-6.9+6.8 is equal to -0.1, and -5.4+5.5 is 0.1. If you add those two together, you get zero.
