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Anastasy [175]
3 years ago
6

If the price of Yoo-hoo is $2 in New York and $1 in St. Petersburg, Russia (after converting the rubles to dollars), you might e

xpect: Group of answer choices
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer: A) people to buy Yoo-hoo in St. Petersburg and sell it in New York until the price was the same in each country

Explanation:

As the Yoo-hoo is cheaper in St. Petersberg than in New York, this presents an arbitrage opportunity to buy cheap and sell higher. People will therefore buy from St.Petersberg at the price of $1 and then sell it in New York for $2 thereby making a 100% profit.

Once this happens more and more people will start doing this which would lead to an increase in demand for St. Peterberg Yoo-Hoos. According to the Law of Demand, when demand rises, the price will rise as well so the price in St. Petersberg will keep rising till it gets to the same amount in New York thereby dissuading people from buying to take advantage of the opportunity.

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If the price of Product E decreasing by 9 % causes its quantity demanded to increase by 14 % and the quantity demanded for Produ
Alona [7]

Answer:

1.33

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = percentage change in quantity demanded of good F / percentage change in price of good E

12% / 9% = 1.33

I hope my answer helps you

3 0
3 years ago
Over time, external monitoring processes should capture information about the external environment in a format that can be refer
mamaluj [8]

Answer:

True

when monitoring processes are observed when threats emerge the organization will know how to tackle the threats

6 0
3 years ago
The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the compa
slava [35]

The company is expressing its key corporate value with a slogan is the Ritz-Carlton using to express its corporate culture.

Explanation:

The fundamental beliefs about which your organisation and your actions are founded are corporation values, also recognised as corporate values or fundamental values.

They are the concepts that your company uses to control its internal investigations and customer interactions.

Your core values if established must be strong and uncompromising – a guideline instead of a suggestion. They might affect each aspect of your business, from benefits for employees and culture throughout the work environment to marketing techniques and customer support.

6 0
3 years ago
The purchasing power of money and the price level vary: Group of answer choices inversely. directly during recessions, but inver
Kamila [148]

Answer:

Option "Inversely" is correct.

Explanation:

Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.

5 0
4 years ago
When managers disregard ethical concerns, the likely result is:?
sergeinik [125]
The most likely result is that there would be a general mistrust because they are disregarding what you need.
5 0
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