<span>Low-cost price leaders normally employ such strategies as price-matching to direct more sales to them and away from rivals. This is the used by Wal-Mart as it redirects sales to it self from rivals like Aldi, best -buy and other retailer. Amazon employs this strategy as well by asking customers to report lower prices online.</span>
The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
<h3>
What is the lettuce market?</h3>
- Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
- Since colonial times, lettuce has been farmed in the United States.
- The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
- Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
- In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
- Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.
As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
Know more about the lettuce market here:
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
Answer: $144,936
Explanation:
First start by removing the initial debt from the initial basis so as not to inflate the basis.
= 118,800 - 11,880
= $106,920
That is the Initial basis void of debt.
Then add anything that will increase the basis and remove anything that will reduce the basis. Income and debt generally increase the basis while dividends or cash Distributions reduce them.
The Ending basis is therefore,
= Pre debt Initial basis + Partnership Income + ending debt + Nontaxable income - Cash Distribution
= 106,920 + 47,520 + 17,820 + 2,376 - 29,700
= $144,936
Barnaby's basis at the end of the tax year is $144,936.
The answer is D because I higher demand of students to study at university means the school needs to increase wages for university lectures to lower the amount of students likely study at university to create an equilibrium in the supply and demand.
