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labwork [276]
3 years ago
5

The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday

and Sundays, it reduces its prices on these two days. This is an example of__________.
a. the target return effect.
b. the substitution effect.
c. dynamic pricing.
d. the income effect.
e. cross-price elasticity.
Business
1 answer:
emmainna [20.7K]3 years ago
5 0

Answer:

c. dynamic pricing.

Explanation:

Dynamic pricing is when the price of a product is not fixed but flexible. Prices change based on changes in demand. It is also known as surge pricing or demand pricing.

The Coffee Express company reduces its prices on the weekends due to a fall in demand. This is Dynamic pricing.

Cross price elasticity measures the degree of responsiveness of quantity demanded of a good to changes in the price of another good.

The income effect measures how consumption and demand for a product changes when real income changes.

The substitution effect measures how a consumer subsistuites one good for another good when there's a change in price.

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babunello [35]

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

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3 years ago
A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming
LuckyWell [14K]

A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming customers and create an unintended consequence known as Feature fatigue.

<h3>What is Feature fatigue?</h3>
  • Consumers have a propensity to steer clear of products that seem to be feature-rich due to feature fatigue.
  • It is a phenomenon of the modern-day brought about by the increase in the number of features included in goods and services.
  • The issue is that adding functionality makes goods more challenging to utilize. Even when the additional features don't completely expand the usefulness (like phones that double as cameras), the complexity they add to the current task can be mind-boggling.
  • To prevent feature fatigue, focus on usability rather than utility. Display specific characteristics as appropriate. Keep to your initial product vision. Turn on features for those consumers who specifically require them.

To learn more about Feature fatigue refer to:

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7 0
2 years ago
Which of the following is an example of a direct tax?
GREYUIT [131]
Sales tax !!
hopefully this helps
8 0
3 years ago
Read 2 more answers
National income accountants can avoid multiple counting by.
denis-greek [22]

Answer:only counting final goods

Explanation:

3 0
2 years ago
It is clear that to produce the maximum material comfort for its citizens, a nation needs to _______.
mariarad [96]

Answer:

(D) Specialize in producing something that it is relatively good at producing.

Explanation:

When a country specialises in production of a good it is relatively good at producing, its citizens will not find it difficult to manufacture the good for local consumption and export.

If the country needs product it is not good at producing it imports it from other countries that have a competitive advantage in producing it.

This will produce maximum material comfort for its citizens.

6 0
3 years ago
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