Answer:
Price Discrimination OR Law of Demand; according to the complete question.
Step-by-step explanation:
24% of the students in the first group answered yes.
73% of the students in the second group answered yes.
More students in the second group were willing to pay $75 for the pair of jeans BECAUSE they were told that the normal price was much higher.
From this information, I guess that the first group was told (by the jeans vendor probably) that the $75 was higher than the normal price of the jeans. This will be the reason why a lesser percentage of students in Group A are willing to purchase the pair of jeans.
This is an example of PRICE DISCRIMINATION effect on decision making. Price discrimination is used in product marketing.
The same pair of jeans in Situation A cost higher than the normal price while in Situation B it cost lower than the normal price. Even though the figure given is static at $75 in both cases, the data that follows in the question tells it as 2 different prices; one favourable to the buyers and another not so favourable to the buyers.
The LAW OF DEMAND also applies here. The higher the price, the lesser the quantity demanded (by a group of students) and the lower the price, the higher the quantity demanded.
You do C = πd which it would be 69.08
Answer:
It would be Short term D
Step-by-step explanation:
"This type of financing is normally needed because of uneven flow of cash into the business, the seasonal pattern of business" this means that even tho that Samantha is low on money she will be okay wiht this finacing.
Answer:
8 is correct.
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The expression for the area in terms of the width is:
A
=
w
2
+
7
w
When
w
=
12
, the area is
228
units.
Explanation:
We know that the formula for the area of a rectangle is:
Area = length x width
A
=
l
w
In this specific case, though, we are told that the length is
7
units greater than the width:
l
=
w
+
7
We can substitute this value for
l
into our area formula, and then there will be only one variable on the right-hand side:
A
=
l
w
=
(
w
+
7
)
w
=
w
2
+
7
w
This expression is the answer to the final sentence in the question, asking us to write an expression for
A
in terms only of
w
.
Now we can use our expression to find the area in the situation where
w
=
12
:
A
=
w
2
+
7
w
=
12
2
+
7
×
12
=
144
+
84
=
228
units
