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grin007 [14]
3 years ago
9

Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts

needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold?
Business
1 answer:
Reptile [31]3 years ago
3 0

Answer:

Equilibrium quantity increases; Equilibrium price is indeterminate.

Explanation:

If a new article reports that there are many benefits of exercise, this will increase the demand for exercise bikes and shifts the demand curve rightwards.

At the same time, there is a fall in the price of parts of exercise bikes which reduces the cost of production of exercise bikes. Now, the producer will be able to produce more exercise bikes, so the supply of exercise bikes increases and shifts the supply curve rightwards.

Therefore, there is an increase in the equilibrium quantity of exercise bikes and the impact on equilibrium price is indeterminate because that will be dependent upon the magnitude of the shift of demand and supply curve.

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Len [333]

Answer:

All are options for offensive strategy

Explanation:

In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.

Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.

Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.

Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.

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3 0
3 years ago
Which level indicates the point of maximum economic efficiency?
Bezzdna [24]
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6 0
2 years ago
Your boss has asked you to obtain marketing feedback on one of the products for your company produces. But people are less likel
babymother [125]

Answer:

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5 0
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Some organizations take collaboration so seriously that they are changing the traditional office layout and replacing cubicles w
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Question options:

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Answer:

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Explanation:

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Nimfa-mama [501]

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