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jasenka [17]
3 years ago
5

You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price to $15. Nobody buys the s

carf at that price, so you lower the price to $12, and someone buys it. What is the value of the scarf?
A) $15
B) $10
C) $12
Business
2 answers:
Stels [109]3 years ago
7 0

Answer:

Explanation:

Value is the amount a customer is willing to pay for item, so the value is $12.

Aneli [31]3 years ago
6 0

Answer:

the gain being $7, the value couldn't be less then 12 if it's not brought back for shortcomings and resold for $15

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Which type of investment involves lending money and charging interest on it?
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Gentry Inc. purchased 90% of Gaspard Farms on January 5, 2019. During 2019, Gentry sold Gaspard Farms for $650,000 goods which h
Wewaii [24]

Answer:

$5572500

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3 0
3 years ago
With ________ products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
MatroZZZ [7]

With prestige goods and services, a higher price may, but not always, result in a higher sales volume.

<h3>What do economists mean by prestige goods?</h3>

Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.

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Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.

To know more bout  Prestige products visit:

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8 0
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