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fredd [130]
3 years ago
12

Suppose that a rap grouprap group called RG 2RG2 has released its first CD with LiveLive Records at an intended list price of​ $

14.99. Music stores have discovered that they can markup the price to​ $17.99 with continued strong sales. What information does this higher price convey to the recording​ label?
A. The recording label should cut back on the production and distribution of RG 2RG2​'s first CD.
B. The price of the CD was too expensive to begin with.
C. The markup by music stores indicates a surplus of RG 2RG2​'s CD on store shelves.
D. The recording label should expand the production and distribution of RG 2RG2​'s first CD.
Business
1 answer:
GuDViN [60]3 years ago
7 0

Answer:

D) The recording label should expand the production and distribution of RG 2RG2​'s first CD.

Explanation:

According to the law of supply and demand, since the customers are willing to pay a price higher than equilibrium price, that means that their is a shortage of the product or service and that the supply should increase in order to get the price back to equilibrium price.

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Smith operates a roof repair business. This year Smith's business generated cash receipts of $32,000 and Smith made the followin
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Answer:

Net income = $20,940

Explanation:

Answer 1.

   

Accounts                                                                                                                

Cash Receipts                             32,000  

Expenses    

Advertising                    500    

Depreciation                 3,200    

Car & Truck Expense       1,360    

Employee Compensation  5,000    

Education                    1,000                          11,060  

Net Income                                               20,940  

   

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