Answer:
Consumer Sovereignty
Explanation:
Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.
In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty
This is an example of <span>emotional contagion.
Emotional contagion refers to an occurrence when someone's emotions trigger similar emotions in other people around that person.
This kind of occurrence tends to form a strong bonding between several individuals and make them value the existence of each other's goals and opinion.</span>
No, because consumers equate quality of batteries with higher prices. With batteries consumers believe there is a price- quality relationship, it does not make the consumers, price insensitive. Also, there is no indication Energizer set a target price and adjusted cost and quality components to maintain wholesaler and retailer margins.
Answer:
Opportunity cost 900,000
Explanation:
The opportunity cost is the cost of the best alternative rejected, in order to do the pcurrent porohect.
The student, if picked to return on collegue, the opportunity cost will be the rejected baseball team or the rejected football team.
In this case, given two alternatives:
one for 20,000
and one for 900,000
the opportunity cost will be of 900,000 as is the best alternative
The opportunity cost for return to college will use this cost.
Answer:
demand of
Fall
decrease
Explanation:
Here are the options to this question:
1.expect the (supply of/ demand of )
2.forecasters to (increase/ decrease)
3. weather forecasters to (decrease/ increase)
The new technology would reduce the need for weather forecasters. So t.v. stations and radios would no longer employ weather forecasters and might even lay off some forecasters. So the demand for forecasters would fall.
Due to the reduced demand for forecasters, there would be a large number of unemployed forecasters with no one willing to employ them. This would lead them to a reduction in their salary. When supply exceeds demand, prices fall.
I hope my answer helps you
