Answer:
A. The demand curve for tea shifts to the right
Explanation:
Demand is defined as the measure of sensitivity of quantity demanded is a group with changes in price.
However when there is an increase or decrease in demand as a result of other factors except for price it is called shift in demand.
In the given scenario if the price of coffee increases, it will result in less amount of coffee being demanded. People will look for a substitute (tea).
Demand for tea will increase as a result of shift of the demand curve for real to the right.
This is illustrated in the attached diagram.
The decision must be made under conditions of <u>uncertainty/ambiguity</u> because the goal is clear but the numbers that will be used to calculate the number of sales reps will not be clear until the year is actually over.
Answer:
$29,800
Explanation:
Calculation to determine initial cost of the bread machine
INITIAL COST
Purchase Price: $24,500
Freight: $1,450
Installation: $2,900
Testing: $950
Total cost of the bread machine: $29,800
Therefore initial cost of the bread machine is $29,800
Answer:
Decrease in M1; No effect on M2
Explanation:
Monetary aggregates is as follows:
M1 consists of:
= Currency with the public + Checking/Demand deposits + Other deposits with the RBI
M2 consists of:
= M1 + Post office savings account deposits
Effect on M1:
If a person transfer money from checking account to savings account, so there is a fall in M1 because the amount in checking account is reduced.
Effect on M2:
If a person transfer money from checking account to savings account, then there is a fall in checking account and at the same time there is a rise in the savings account. M1 is a component of M2.
Therefore, there will be no effect on M2.
Answer:
The answer is d. Compromising
Explanation:
Compromising conflict style attempts to balance the needs of both or all sides in a conflict by encouraging everyone to give in on at least some points.
