Which of the following is a non-price determinant of demand?

Which of the following is an example of a hidden variable? Quality of life is a hidden variable because it cannot be measured di

My name is Ann [436]

Answer:

<u>Quality of life is a hidden variable because it cannot be measured directly but must be inferred from measurable variables such as wealth, success, and environment. </u>

Explanation:

<u>Hidden variable:</u> The term "hidden variable" is described as the proposition that specific "statistical models" of any physical systems, for example, Quantum mechanics are being incomplete inherently, and along with this the apparent randomness of a particular system is being dependent not on "collapsing functions" but instead it is due to any unmeasurable or unseen or hidden variables.

8 0

2 years ago

An industry with oligopolistic competition faces falling profits and its sales growth is slow. Demand for individual brands has

viva [34]

Answer: (A) Market maturity

Explanation:

The market maturity is one of the stage in the product life cycle where is basically refers to the sales growth where the product sales growth get increased and then suddenly get slows down.

The market maturity stage is basically known as the longest stage in the product life cycle. In this life cycle stage the organization reaches to the highest level during the demand cycle.

Therefore, Option (A) is correct.

8 0

3 years ago

True or faults caffeine and other energy boosters can be used to effectively compensate for fatigue

Zina [86]

True because coffee and other drinks can last up to hours of energy

7 0

2 years ago

Read 2 more answers

How do price ceilings and price floors restrict the free exchange of prices?

Yuki888 [10]

Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.

8 0

2 years ago

Question 10 of 10: you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way.

yulyashka [42]

you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way. No, you will not be able to recover the cost of replacement. This is further explained below.

Generally, the cost; In order to get or carry out (something), one must first spend (a certain quantity of money).

In conclusion, You've been looking at the rotten planks on your porch for years and know you need to do something about it. The deck ultimately collapsed last week. The cost of replacement cannot be recouped, unfortunately.