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Greeley [361]
4 years ago
15

You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash a

nd washing your car at home are substitutes. In an attempt to increase sales, you collectively decide to lower prices of trips through the car wash by 10%. Which of the following are consequences of this price change? Choose one or more: A. The supply of trips through the car wash will decrease. B. The demand for trips through the car wash will not change. C. The supply of trips through the car wash will increase. D. The demand for trips through the car wash will increase. E. The quantity supplied of trips through the car wash will decrease. F. Demand for washing your car at home will decrease.
Business
1 answer:
exis [7]4 years ago
6 0

Answer:A ,E and F

Explanation:

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lee reed, marisa a. pagnattaro, et al., the legal and regulatory environment of business (18th or 19th edition mcgraw-hill irwin
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6 0
2 years ago
As the price of a resource decreases, _____. a. the supply of that resource increases b. producers are more willing and able to
solmaris [256]

Answer:

b. producers are more willing and able to hire that resource

Explanation:

In production resources are defines as various inputs in the production process of a product.

It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.

So when the price of a resource decreases, it means that the cost of production also decreases.

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