Answer:
1) The cupcakes are being sold below their equilibrium price
3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes.
4) The bakery is not using price as the only means of allocating cupcakes to its customers.
.Explanation:
at equilibrium price, quantity demanded equals quantity supplied and there would be no excess demand as in the case of the bakery.
The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes because these consumers are willing to lineup for these cupcakes.
the bakery also allocates the cupcakes by time. the cupcakes are usually only available within a specific time
Answer:
The correct answer is letter "C": basic research.
Explanation:
Basic research is a preliminary study conducted to identify certain aspects of a given item or event. The study is more informative than conclusive and leads to secondary research to acquire more details over the item or event. The reasons for conducting basic research include testing the results of a primary study to find out its relevance or saving resources in large research that bring no added value.
True it is a non market transaction
