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Zanzabum
3 years ago
13

A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game

. The snowstorm, if it occurs, will make it difficult for people to drive into the city. In anticipation of lower demand, the arena lowers the prices of tickets to the game. When compared to quantity demanded in the absence of the storm and the price change, the new quantity demanded:__________
1) will definitely be lower than before.
2) will definitely be higher than before.
3) will be the same as before.
4) cannot be determined.
Business
1 answer:
Jlenok [28]3 years ago
3 0

Answer:

2

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If the price of the ticket is reduced, the quantity demanded would increase

If on the other hand, prices are increased, the quantity demanded would reduce.

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Austin is training his company’s supervisors in how to use the performance management system. He has explained the importance of
laila [671]

Answer:

Provide support and discuss performance regularly.

Explanation:

In this case, we can say that Austin would tell supervisors that they should provide support and discuss performance on a regular basis, as a company with well-designed performance management is premised on performance analysis and management.

This could be implemented in the company with supervisors focused on coordinating and controlling their subordinates in order to analyze and provide support and provide subsidies that assist in continuous improvement, motivation and increased work performance.

4 0
3 years ago
Which would you rather be owning if there is a decline in market interest rates: long-term bonds or short-term bonds? why?
Thepotemich [5.8K]

Long-term bonds are preferable to hold if interest rates decrease because their price will rise more than the price of short-term bonds, providing a bigger return. Long-term bonds, however, are more susceptible to interest-rate risk. In addition, the longevity of the bonds, not only their term to maturity, is a major factor.

<h3>What are short-term bonds?</h3>

Short-term bonds may offer consistent income with comparatively little risk. When compared to money markets, higher profits can be obtained. Even some bonds are tax-free.

The potential yield of a short-term bond is higher than that of money market investments. Bonds having shorter maturities are often more resistant to changes in interest rates than other types of assets. Purchasing a bond and keeping it until it matures entitles you to the stated principle and interest rates.

To know more about bonds, visit

brainly.com/question/22939161

#SPJ4

3 0
2 years ago
A monopolistically competitive market has characteristics that are similar to:a. a monopoly only.b. a competitive firm only.c. b
Ber [7]

Answer:

c. both a monopoly and a competitive firm

Explanation:

A monpolistically competitive firm is a firm that has the features of both a monopoly and a competitive firm

Characteristics of a monopoly in a monpolistically competitive firm:

1. Products are differentiated in a monpolistically competitive firm.

2. Firms are price setters.

Characteristics of perfect competition in a monpolistically competitive firm:

1. There is free entry and exist into the industry.

2. There are many sellers

4 0
3 years ago
High transaction costs will tend to a. reduce the number of mutually beneficial exchanges. b. lead to more specialization in acc
Contact [7]

Answer: Option (a) is correct.

Explanation:

Transaction costs are considered as a barrier or obstacle to trade between the nations. High transaction costs are generally occured because of the geographical proximity. Geographical proximity refer as the distance between the two nations. The larger the distance between the two nations, the larger will be the transaction costs. Therefore, higher transaction costs directly affects the trade between the two countries because it will become expensive for the nation.

Hence, this will reduce the number of mutually beneficial exchanges.

4 0
3 years ago
The consumer product safety commission is a government agency that issues rules, orders, and decisions. the colorado state legis
Goshia [24]
The CPSC make rules following a scientific process to understand and be able to allow products in the market. They require safety procedures and inspection. Failure to follow their rules and standards would end to rejection and total ban. The CPSC strictly adheres and had been given the authority with their procedure for safety.
3 0
4 years ago
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