For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.
<h3>Why is the relationship between demand and price of prestige products direct?</h3>
The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.
And when the quantity demanded increases, the price tends to increase.
An example of a prestige product is an old car.
Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.
Learn more about the demand for prestige products at brainly.com/question/6374886
The answer is letter d. water. Water would cost least per
ton mile, since transportation through water depends on the materials or
watercraft you will be using. If an individual is using an ordinary boat, a
boat that is being rowed, it would cost less, than a boat being rowed by an
electrical engine.
Answer:
Option C is correct.
Explanation:
When you've been recruited to inform a food company to think about selling one, both, or none of its both brands for breakfast. These are the facts you get: Brand A controls a market-leading share in the segment of oatmeals. A has a strong and secure base of loyal clients.
Such category, moreover, is difficult to develop in the future, as production of oatmeal takes some time and customers are mainly focusing on comfort. Brand B is the leader in grab-and-go breakfast bags, a minor but rapidly growing segment. Nonetheless, staying ahead in the race won't be so easy; once B is sold, the firm will have to invest in the research and innovation of safe fillings and creative packaging.
The best recommendation, instead, is not to market either brand A or brand B.
Answer:
The long and short-term consequences of not promoting equality or working to reduce poverty are:
1. the poverty gap widens, causing many more of the population to become poor while a few become richer.
2. extreme poverty becomes the norm, thereby hampering societal progress.
3. discrimination and social classes become oppressive.
Explanation:
Economic equality describes a situation that ensures that every individual in a society has an equal economic opportunity to make the most of their lives and talents by having some access to resources. Equality reduces discrimination among certain groups of the population, especially those with protected characteristics such as race, disability, sex, and sexual orientation. It ensures the fair distribution of natural resources among the population, according to their individual needs and capacity. It does not mean sameness in social or economic status.
