a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.
b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for Ford's SUVs. Consumers would now have limited choices.
c. As a result of the ad campaigns, the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.
d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes
Price elasticity of demand measures how quantity demanded responds to changes in the price of a good
<em>Types of price elasticity </em>
- Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
- Inelastic demand : this means that quantity demanded does not respond much to change in price. Coefficient of elasticity is less than 1
To learn more about demand elasticity, please check: brainly.com/question/13565779?referrer=searchResults
Answer:
b. experience curve
Explanation:
The Experience curve is the curve that shows the representation of the opposite relationship that lies between the total value added and the cost that company experience in the manufacturing and marketing
Therefore as per the given options the option B is correct as it fits to the current situation
Hence, the correct option is b.
Answer:
Letter B is correct. They are sensitive about how others see them.
Explanation:
Impression management is a psychological and sociological technique that people consciously or unconsciously use to make a predetermined impression of themselves in a self-presentation. This technique is used to influence one person's perception of another, behaviors are predetermined, information about oneself can be omitted or maximized to achieve the goal of controlling and impressing a social interaction.
C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.
Answer:
The solution is shown in the file attached below
Explanation: