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3 years ago

What is the relationship between competition and consumer action in these situations?

1 answer:

5 0

Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.

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Based on what we know about our own solar system, the discovery of hot Jupiters came as a surprise to scientists because these p

Umnica [9.8K]

Answer:

so close to their stars

Explanation:

Hot Jupiter are exoplanet. Exoplanets are terrestrial bodies that are beyond our solar systems. These are giant gas planets outside the solar system which is thought to be similar to the planet 'Jupiter' of our solar system.

Hot Jupiters have a very short orbital period.

These exoplanets have a very high temperature surface atmospheres like the Jupiter of our solar system and their closeness to their stars nicknamed them as "Hot Jupiters" by the astronomers.

Thus the answer is ---

so close to their stars

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3 years ago

In what way did the states create economic problems for the national government after the American Revolution? Select the two co

Zielflug [23.3K]

Answer:

imposed tariffs on items produced by other states

AND

refused to pay their veterans

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3 years ago

Culture can exist and sometimes reveal itself at different perceived or subjective levels. The ________ level reflects the under

bagirrra123 [75]

Supranational!!!!! Is the correct one!

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3 years ago

In Act I, Scene v, of The Tragedy of Romeo and Juliet, why does Capulet allow Romeo to remain at the feast?

vodomira [7]

Answer:

Capulet will not allow a well-mannered guest to be insulted in his home.

Explanation:

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3 years ago

What contributions did Africa make?

Zolol [24]

has contributed in many ways such as in the production of:

Many advances in metallurgy

tool making

Bronze weapons and art

<h3>How has Africa contributed to the world?</h3>

Africa which is the world's second-largest with the population of over 1.3 billion has contributed through her advances in metallurgy and tool making as well as bronze weapons and art .

There are many products such as copper and iron tools that is been export to the world from the continent of Africa.

learn more about Africa at brainly.com/question/25110079

#SPJ1

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2 years ago