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3 years ago

An increase in the price of a product will reduce the amount of it purchased because:

Business

1 answer:

jek_recluse [69]3 years ago

3 0

Answer:

C) consumers will substitute other products for the ones whose price has risen

Explanation:

When prices increase the consumer purchasing power effect and they prefer to substitute the low price product for the one whose price has risen to match their income and expenditure. Higher expenditure will result in the lack of savings. So the correct answer is C) consumers will substitute other products for the ones whose price has risen.

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vagabundo [1.1K]

Answer:

The correct answer is letter "A": True.

Explanation:

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3 years ago

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Answer:

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3 years ago

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Komok [63]

Answer: Option (b) is correct.

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4 years ago

a. Describe how the payback period is calculated and describe the information this measure provides about a sequence of cash flo

saw5 [17]

Answer:

While taking a capital budgeting decision of source of fund, or the capital project to be chosen, we sometimes use Payback Period

It is defined as the tenure in which the cash flows will realize the cost of project, that is the period in which the entire cost will be paid back.

This provides the information regarding the time after which the project will be profitable, or the time at which it will reach break even.

The payback uses the criteria that if the payback period calculated is less than life of project it shall be accepted, in case it is equal to life of project then there will be no profit no loss, and in case payback is higher than life of project then there will be loss.

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3 years ago

Assume you are analyzing the market opportunity of a distance learning company, Learnmore, that creates education courses delive

Rom4ik [11]

Answer:

The answer is "$8.33billion".

Explanation:

Since 25 billboards are separated into three sections, one portion of which is corporate and one part is fortune 1000 and equal to 8.33 billion dollars incorporate.

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3 years ago