The sale price of the mountain bike is $468.97 (369.27 x 27% = 99.70 + 369.27)
Answer:
B) No, because she can get similar hammers elsewhere.
Explanation:
When someone sues for specific performance he/she is asking the court to order the defendant to complete performance the contract. They are not suing to recover any damages that may have resulted from the breaching of the contract.
In this case, Nicole would have probably been able to sue Tyler for some type of compensatory damages, but since the hammers are such a common good, it would be very difficult for her to obtain an specific performance order.
Answer:
firms are worried that frequent price changes would annoy consumers.
Explanation:
A price is said to be sticky when there are resistance in market price to change immediately even when changes in the economy of a particular country entails differing price of products is optimal.
In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.
Hence, prices tend to be sticky because firms are worried that frequent price changes would annoy consumers. This ultimately implies that, price stickiness arises due to the fact that business firm or entity are very much concerned or worried that a frequent change in the price of goods and services would make the consumer annoyed.
Answer:
The Degree of Risk
Explanation:
With respect to the consumer buying process, the degree of risk is perhaps the most important factor that affects the time, effort, and expense dedicated to the search for information. When the higher risk is involved, we spend a lot of time in searching for information either from our external sources or internal sources. When the risk factor is less, then we do not spend much time and effort on searching for information. For example, when we are buying a packet of chips, we do not search information by spending much time and effort. But when we have to buy a car or a laptop, then we spend much time in searching for the information from all of the available sources because bad or wrong decision can cost us more in the case of buying a car or a laptop as compared to the buying of a packet of chips.
