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Jobisdone [24]
2 years ago
10

Suppose that video game discs are a normal good. If the incomeof video game players increase, you predict that in the market for

video games,
a) both equilibrium price and quantity will fall
b) equilibrium price will fall but quantity willincrease
c) equilibrium price will increase and quantity willdecrease
d) both equilibrium price and quantity will increase
Business
1 answer:
arlik [135]2 years ago
5 0

Answer:

Option (D) is correct.

Explanation:

It was given that video game is a normal good. We know that there is a positive relationship between the demand for a normal good and income of the consumer, hence, if there is an increase in the income level of the consumer then as a result the demand for a normal good increases which shifts the demand curve for normal good rightwards.

Therefore, this will lead to increase both equilibrium price and equilibrium quantity in the market for video games.

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When considering the presentation of a retail store, which elements largely contribute to the visual experience for a consumer?.
Inga [223]

When considering the presentation of a retail store, The elements that largely contribute to the visual experience for a consumer are the store layout and atmosphere. This is further explained below.

<h3>What is a retail store?</h3>

Generally, a  retail store is simply defined as a store that is normally owned and operated by a retailer but can also be owned and operated by someone whos not a retailer and sells items primarily to end-users.

In conclusion, The retail store aims to look good as it is the last link to the consumer.

Read more about Trade

brainly.com/question/15115779

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6 0
2 years ago
Consider the following information about a banking system: new currency deposited in the system = $40 billion, legal reserve rat
Vlada [557]

Answer:

The bank will create excess reserve of $200 billion

Explanation:

The question measures the size of credit expansion associated with the new currency deposit. the computation below shows how excess reserves can be computed.

Money multiplier              =   1 /Legal Reserve Ratio  = 1/0.2 = 5

Excess Reserve Created = A x (1 /Legal Reserve Ratio)

Where:                          A  = New currency deposit =  $40

       Legal Reserve Ratio = 0.20      

                                     

Excess Reserve Created = $40 x (1/0.2)  =  $40 x 5 =  $200 billion                                          

The legal reserve of 5 indicates that for every unit of money reserved by banks, they are able to create 5 units of same.

The money creation capability of the banking system as a whole is depends on the legal reserve ratio. Legal reserve ratio is a fraction of a bank deposit which the law requires them to hold. The bank can only lend the balance after deducting the legal reserve.

3 0
3 years ago
When a company uses data from questionnaires and surveys to determine customer preferences, it is utilizing the _____ marketing
kondaur [170]
Marketing information management
5 0
3 years ago
Read 2 more answers
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.4 percent indefinitely
aleksandr82 [10.1K]

Answer: $50.83

Explanation:

Based on the information given in the question, the following can be deduced:

r = required return = 10.6% = 0.106

D0 = Dividend = 3.29

g = growth rate = 4.4% = 0.044

The price per share of the company's stock will be:

= D0(1 + g)/(r - g)

= 3.29(1 + 0.044)/(0.106 - 0.044)

= 3.29(1.044)/(0.062)

= 3.15134/0.062

= $50.83

6 0
3 years ago
c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need
arlik [135]

Answer:

They would help the product that they are selling sell better and would provide examples that would help the product sell better. The better the product sells the better the sales person gets paid. they would likely need not much help sense a sales person is mostly just for the company to sell their product or service well.

Explanation:

I hope this helped

4 0
2 years ago
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