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mafiozo [28]
3 years ago
8

Fill in the blanks to complete the passage about the law of one price. Drag word(s) below to fill in the blank(s) in the passage

. must According to the law of one price, identical goods sold sell for the same price, except for costs associated with Those costs reflect and the cost of shipping. According to the law of one price, if the price of a good in one location does not match the price of the same good in a different location, sellers will increase until prices in both locations are equal supply in the location where the good is in different locations less expensive at different times trade barriers production movement between locations currency exchange more expensive
Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

Consider the following explanation.

Explanation:

According to the law of one price, identical goods  

sold IN DIFFERENT LOCATIONS must sell for the same  

price, except for costs associated with MOVEMENT BETWEEN LOCATIONS.

Those costs reflect TRADE BARRIERS and the cost of shipping.  

According to the law of one price, if the price of a good  

in one location does not match the price of the same good in  

a different location, sellers will increase supply  

in the location where the good is MORE EXPENSIVE  

until prices in both locations are equal.

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The quantity of a demanded product is inversely proportional to its price.

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“Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​
arlik [135]

Answer:

yes i agree

Explanation:

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7 0
3 years ago
Given the following data:
DIA [1.3K]

Answer:

B.9.0%

Explanation:

The Return on investment (ROI) of any entity/corporation/firm  can be calculated using the following mentioned formula:

ROI=Net operating income/cost of investment

Assuming in this question

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6 0
3 years ago
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ra1l [238]

Answer:

Contribution margin ratio = 69.23%

Explanation:

We know,

Contribution margin ratio = (Contribution Margin per unit ÷ Sales per unit) × 100

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Given,

Sales price per unit = $6.50

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3 0
3 years ago
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Kisachek [45]

Answer:

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4 0
3 years ago
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