Answer:
C) competition
Explanation:
ACE's new computer is in the introduction stage of the product life cycle. It is a very new and different product and therefore ACE can charge a high price until the growth stage begins. During the growth stage, the product's demand will increase and it will become a normal available product, that will attract several competitors into the market. Competitors might introduce newer versions of the product which are slightly different, but specially the price will be a decisive factor. As more competitors enter the market, the price will fall.
Answer:
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Explanation:
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Answer:
The difference occur because demand for Christmas cards increases and supply of strawberries increases.
Explanation:
During the peak sales period of the last three months of the year the sale of Christmas cards increases, while in the north the sale of strawberries increases in the early summer. But the price of Christmas card increases in its peak period of sale while the price of strawberries decreases.
This is because in the peak period the demand for Christmas cards is increasing, it causes the demand curve to shift to the right. This increases the equilibrium price level an equilibrium quantity.
In the peak period the supply of strawberries increase, this causes the supply curve to move to the right. As a result, there is an increase in the equilibrium quantity and a decrease in the equilibrium price.
