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Alina [70]
3 years ago
12

joes shoe shop raises prices from the equilibrium price of $40 a pair to its new price of $60 a pair.

Business
2 answers:
kipiarov [429]3 years ago
6 0
I think you’re referring to the competitive equilibrium price
valentinak56 [21]3 years ago
3 0

Answer:

Since Joe's Shoe Shop increased their prices by 50% [= ($60 - $40) / $40], the quantity demanded by their customers will severely decrease resulting in in a supply surplus (or excess supply). An increase in the price of a product will increase the quantity supplied of the product but decrease the quantity demanded.

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Elle Appliances has recently released its "Elite" cooking range. The cooking appliances were advertised extensively with offers
Margaret [11]

Answer:

C) The company followed a low inventory system.

Explanation:

As the product was new, the correct estimate of expected sales could not be made, and with high demand and hype in the market the company, there was a high demand of the product.

This certainly led to stock out, and not meeting the customers needs.

Accordingly the reputation in market degraded.

This is because of low performance, because of shortage of inventory.

Therefore, the correct option is:

Poor Inventory system, which led to poor performance.

6 0
3 years ago
Describe an advertisement you've seen that uses a desire based marketing message. What desire does this ad appeal to? (2-4 sente
igomit [66]

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6 0
3 years ago
Read 2 more answers
Thomas was thinking about the car he wants to buy in a few years. He does not know what he should do now so that he
Kipish [7]
I believe that the answer is D. That he should become knowledgeable about smart ways to save and about car loans
7 0
2 years ago
On July 1 Olive Co. paid $7,500 cash for management services to be performed over a two-year period. Olive follows a policy of r
Tcecarenko [31]

Answer:

The journal entry to record this should be:;

July 1, Year 202x, cash received as deferred revenue

Dr Cash 7,500

    Cr Deferred revenue 7,500

Explanation:

Accrual accounting states that both revenues and expenses must be recorded during the periods that they actually occur, and not necessarily when any cash transfer is associated to them.

In this case, the adjusting entry for accrued revenue on December 31 should be:

December 31, year 202x, accrued revenue

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6 0
4 years ago
John wishes to set up an account for his grandfather so that he can have some extra money each month. John wants his grandfather
jeka94

Answer:

John must invest $3719.4

Explanation:

It is given that John grandfather withdraws $120 per month for 3 year

So total month = 12 ×3 =36 months

Total amount withdrawn S = 36×120 = 4320

m = 12 times per year

Rate of interest i = 5 % = 0.05

We know that S=P(1+\frac{i}{m})^{mt}

4320=P(1+\frac{0.05}{12})^{36}

4320=P\times 1.1614

P = $3719.41

So john must invest $3719.4

6 0
3 years ago
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