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>
<em />
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.
learn more:
brainly.com/question/25585026
<em />
<em />
<em />
Answer:
2556 feet squared
Step-by-step explanation:
Area is calculated by multiplying length times width. 71x36=2556
Answer:
13
Step-by-step explanation:
We need to write our answer in exponential form. Ask yourself the question, "What times itself 3 times will give you 2197?" Your answer is
. This will go inside of your cube root. You now have
. Since there's a power of 3 and a cube root, those cancel each other out, and your answer is 13.
32 40%
80 100
to find the answer, you do 32 times 100, the. divide that by 40 which equals 80