Please attach the graph if you can. Otherwise, I cannot answer this question
Answer:
<em>An inferior good</em>
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Explanation:
<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
The correct answer for the question that is being presented above is this one: "a) $11." The costs of production of a perfectly competitive soybean farmer are given in the table. The shut-down price for this firm is $11.
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The correct answer for the question that is being presented above is this one: "</span>a) establishing control over diamond mines." De Beers became a monopoly by <span>establishing control over diamond mines</span>
Answer:
A. True
Explanation:
Primary data are data obtained from the source. They are data collected from where they initially came from. Researchers, reporters often make use of primary data for project purposes.
Examples of primary data are telephone survey, experiments and interview etc.
Before identifying type of data to be used, population target and purpose of the research must be known. The type of data to be choosen must be directed to suit the purpose of a particular research project.
Answer:
Market Research
Explanation:
Market Research is the term which is explained as the process of determining the viability of the new product or service by research which is directly conducted or performed with the potential customers.
It allows the business to discover the target market and the get feedback from the customers regarding their interest in the service or product.
Therefore, market research is the one which relies on the analysis, identification, distribution of the data in order to discover and slove the marketing problems.