Answer:
The explanation of that situation is below.
Explanation:
To begin with, the most important factor to have in mind in the situation explained above is the fact that we are talking about a "luxury good" and therefore that when it comes to this type of goods is better when the majority of the people do not possess or at least they must represent the fact that they are exclusive for only some part of the population. That is why that those goods use the strategy of increase always the price because that will means that they are not affordable for the majority of the society but only for a few and that will give to the owner of the good a sense of uniqueness and with that it also comes the sense of superiority. That is why that when it comes to this type of good the analysis change and it collides with the other theory of utility maximation.
Answer:
D. Consumers in Terbia are confident that the economy will turn around in the near future.
Explanation:
Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.
Please give the options in order for us to determine which is best.
I would say thats a business operations need!
Hope this help! :)
