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Vikentia [17]
3 years ago
15

When higher prices result in a lower quantity demanded, economists call this relationship: a. the law of quantity. b. the demand

curve. c. price and demand model. d. the law of demand. 2.5 points
Business
1 answer:
Zanzabum3 years ago
4 0

Answer:

d. the law of demand

Explanation:

One of the foundations of current economy,  the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.

This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.

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Graham recruited student volunteers to participate in his dissertation study. He set up several times for students to come to a
Komok [63]

Answer: D) sampling bias.

Explanation:

Sampling bias refers to a scenario where conditions in the research give more subjects in the population of interest the chance to appear either more or less times than others instead of all the subjects having an equal chance of representation.

The students were to come in at different times yet Graham gave them all the same treatment conditions. This could lead to sampling bias because those who volunteered earlier are likely different from those who volunteered later.

6 0
3 years ago
Creative product differentiation can enable a small business to increase market share.
Harrizon [31]
The answer is "true".
3 0
4 years ago
Use the following statements to answer this question:
aliina [53]

Answer:

B) I is true and II is false.

Explanation:

When the market price is held above the competitive level, the deadweight loss is composed of

producer and consumer surplus losses associated with units that used to be traded on the market but are no longer exchanged.

Therefore the second statement is wrong.

5 0
3 years ago
Read 2 more answers
Nendry is the owner of a firm that produces sports drinks. Since there are a number of firms in the industry competing on cost,
fredd [130]

Answer:

D. focus on adding unique features to her product that customers will value.

Explanation:

Differentiation strategy is the strategy that aims to distinguish a product or service, from other similar products, offered by the competitors in the market. It focuses on the development of a product or service, that is unique for the customers, in terms of product design, features, brand image, quality, or customer service.  

The focus of competition in a differentiation strategy tends to be on unique product features, service, and new product launches, or on marketing and promotion rather than price. A differentiator would focus research and development on product features or packaging in order to add uniqueness.

Hence, Nendry should focus on adding unique features to her product that customers will value.

6 0
3 years ago
Estimating Share Value Using the DCF Model Following are forecasts of Whole Foods sales, net operating profit after tax (NOPAT),
tiny-mole [99]

Answer:

Check the explanation for the answer

Explanation:

The price been estimated is bit lower than trading price

The price of the stock is also bit lower with the cents than the whole Foods market price, this indicate that we agree that Whole Foods stock is fixed priced.

Further calculations are been done in the file attached using excel

6 0
3 years ago
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