Answer:
Price rises and demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
If Price falls and demand is elastic, total revenue would increase because Quanitity demanded would rise.
If Price falls and demand is unit elastic, there would be a proportionate change in quantity demanded and total revenue would remain unchanged.
If Price rises and demand is elastic, total revenue would fall because Quanitity demanded would fall.
If Price rises and demand is inelastic, total revenue would rise because there would be no change in quantity demanded
Answer: Exclusive distribution
Explanation: In simple words, it refers to an arrangement in which the manufacturer gives an exclusive right to a distributor to sell his or her product. No other distributor can sell that product in the market.
In the given case, Jennifer and Marc have given special right to Kohl's for selling the special fashion line they have established.
Hence from the above we can conclude that they have exclusive distribution arrangement.
Answer:
pay cash
Explanation:
so if they pay cash there won't be any taxes
Answer:
Growth
Explanation:
The growth stage of a a product's life cycle is one in which a product's starts to gain a lot of acceptance among consumers, the product industry and the public as a whole. During this growth period also, sales and revenues start to increase as a result of the acceptance of the product.
Cheers.
Answer:
The correct answer is letter "B": extends the law of one price to a group of goods.
Explanation:
Purchasing Power Parity or PPP compares different country's currencies through a market basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate, is priced the same in both countries.
The Law of one price states that individual and identical goods or services will have the same price if there were no friction between global markets. Thus, <em>the PPP approach would be the extent of the law of one price adding the exchange rates.</em>
