Ceteris paribus, if the price of Pepsi increases, the equilibrium price of Coca-Cola will ________ and the equilibrium quant
ity of Coca-Cola will ________.
1 answer:
Answer:
Rise
Rise
Explanation:
Pepsi and Coca cola are considered substitutes. If the price of Pepsi increases, consumers would begin to consume more coca cola and the demand for coca cola would increase. This would lead to an excess of demand for coca cola over supply and prices would rise.
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Answer:
the inventory turnover is 11
while the average days outstanding is 33 days
Explanation:
<u>inventory turnover:</u>
the amount of times the inventory rotetes (is being sold) during the period
660,000/60,000 = 11
The company sold his invenotry 11 times
<u>days outstanding :</u>
time to sale the entire inventory
if it rotates 11 times per year and the year has 365 days then:
365/11 = 33.18 = 33days