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Airida [17]
3 years ago
9

What effect will a drop in price most likely have?

Business
1 answer:
Levart [38]3 years ago
8 0
The effect that a drop in price will most likely have is increase the quantity demanded of goods.
If something becomes cheaper than it used to be, people are going to buy more of it because it is cheap now. Thus, the demand for that particular good will rise.
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Suppose that the price of flour used to produce bagels increases. Hence the equilibrium price of a bagel​ ________ and the equil
Anon25 [30]

Answer:

Increase , increase

Explanation:

A decrease in the supply of a product increases in its price. Reduced supply means many buyers competing for the few available products.  The prices of goods or services are determined by the intersection of the demand and supply curves. There is an indirect relationship between supply and price of quantity supplied when demand is constant. A reduced supply results in high prices while an increase in supply causes low prices.

As prices increase, suppliers will want to supply more to make profits. Constant demand and a high price will thus lead to an increase in equilibrium quantity.

5 0
3 years ago
In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used ___
Mama L [17]

In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used Tight monetary policy to raise the federal funds rate.

<h3>What is the rate of inflation?</h3>

Rate of inflation is the increase in price in a given period of time. Inflation is usually described as a wide measure of price increases or increases in the cost of living in a nation.

Example of Inflation goes up when prices increase, reducing your dollar's buying power.

Thus, it is Tight monetary policy.

For more information about Rate of inflation, click here:

brainly.com/question/27058067

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6 0
2 years ago
An automobile rental company interested in learning and adapting to the needs of its customers is focusing on the business​ driv
agasfer [191]
The answer to the above situation or condition is Customer and supplier intimacy.
If a company or organization have a strategy on customer and supplier intimacy, this makes customers and suppliers valuable and important stakeholder within the company or organization. When they are important stakeholders they will feel themselves more valued.
8 0
3 years ago
If a business has a negative cash flow, the revenue must be _____ operating expenses.
Vlad [161]
<h3>Answer :</h3>

<em>Less than</em>

(If a business has a negative cash flow, the revenue must be less than operating expenses.)

7 0
2 years ago
When janice went to work as a hair stylist in rick's beauty shop, she entered into an agreement with rick whereby if she left sh
ASHA 777 [7]

<span>The question is incomplete, here is the complete question which I previously came across;</span>

When Janice went to work as a hair stylist in Rick's beauty shop, she entered into an agreement with Rick, whereby, if she left she would not work for another beauty shop within 50 miles for 2 years. Rick trained Janice in a number of new techniques. After nine months, Janice was offered a great job down the street at a new beauty shop, quit Rick, and had a number of customers follow her down the street to her new job. Rick claimed that she had signed a contract and had no right to go to work at the new shop. Janice disagreed and told Rick that no judge in the country would enforce such an agreement. Janice told Rick that she was more worried about a customer, Treena, who was threatening to sue her because her hair turned green after Janice worked on it. Janice agreed that Treena's hair was damaged. Janice pointed out, however, that she told Treena that odd results could result from a dye attempt, and she required that Treena sign a contract releasing Janice from all liabilities before she did anything with Treena's hair. Treena, however, sued anyway. The agreement Rick and Janice entered into is referred to as?


The answer is, the agreement Rick and Janice entered into is referred to as "<span>covenant not to compete".</span>

<span>
</span>

It is hard to decide if a judge will implement a non-competition agreement. While the privileged insights of a business are important, the law additionally puts value to a person's opportunity to seek after other work. To be enforceable Courts more often than not require that a contract not to compete be sensible. In California, non-competes are adequately unlawful except if you are selling a business. Different states will implement a few provisions, as a rule the trade secret protection, however not the work limitations.

3 0
4 years ago
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