Answer:
C. Fall, 30%, Rise
Explanation:
- Price Elasticity of Demand is responsive change in demand, due to change in price.
P.Ed = % change in demand / % change in price.
Given : Price rise by 50% , P.Ed = 0.6
So, % change in demand = P.ed x % change in price
% change in demand = 0.6 (50)
% change in demand = 30%
Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.
- P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ). If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.
So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.
Answer:
Nonstructured pricing
Explanation:
Nonstructured pricing is also called copy cat method of pricing and involves a pricing that is based on prices charged by similar businesses for a product or service. The business copy cats the prices of competitors. On the other hand structured pricing is done based on the firm's internal determination of the value of a product.
A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. He is using no structured pricing.
It will be weaker. According to Hering’s opponent-process model, our eyes will experience a certain level of fatigue after observing a certain object for a prolonged period of time. This level of fatigue usually happen only temporarily and you could experience the same level of color distinguish if you let your eyes rest for a while.
Noland's problem was most likely due to PROACTIVE INTERFERENCE.
Proactive interference refers to the tendency of previously learned material to hinder subsequent learning. Proactive interference mostly occur when two information that are similar in format are involved.<span />
