The answer is The income effect.
Income effect is described as the change in demand of a service or good brought on by change in the income of a consumer.It is observed in two cases first is when income of person increases and second is when price of goods or service decreases.
The scenario given in the question is an example of second case as the price of burger was less than normal Steve perceived his income to be able to buy more product in same price
Answer:
The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.
Explanation:
There are no rare class of goods which do not follow the Law of Demand
The most probable reason may be the dates are at different time period, when the demand is lower and therefore the price must be lower to generate enought attendance to make it profitable. While, the second date is onpeak demand.
Answer:
Projects will be run by the functional organization and project managers expedite change control.
Explanation:
A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).
In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.
So the statement - Projects will be run by the functional organization and project managers expedite change control.
Is false.
Answer:
Technology has advanced in this era to ease the life of humans. The latest technology is used by the businesses to provide their customers best services. The technology has also provided customers to reject and stop unwanted advertisements. They can block the advertisement messages they do not wish to receive any more.
Explanation:
The technological advancement has provided ways for business development to media and advertisement industry but it has also created negative impact to the industry. The customers block the advertisement messages which they do not find feasible. The advertisement may go wasted because the impact of advertisement did not reached the customers.