Answer: B. A reduction in market price will lead to an increase in quantity demanded.
The law of demand states that normal goods have a higher demand at lower prices, because the demand curve is downward sloping which means that the lower the price the more of it people will be willing to buy, so a reduction in market price will mean that now more people are willing to buy that good. For eg a car normally sells $80,000 and 1000 cars are sold in a month, because of technological advances the company now sells the car for $60,000 because of this decrease in price more people will be willing to buy the car and the the monthly sales will be more than a 1,000 cars because at the price of $60,000 more people will be willing to buy this car.
Explanation:
Answer:
The correct answer is letter "B": market value.
Explanation:
Market Value is the price of an asset that is traded or offered for sale in a public forum where multiple buyers are allowed to make offers to buy that asset. For marketable securities of publicly traded companies, the companies are required to issue periodic financial information to the public to meet a full-knowledge requirement.
Answer:
The correct answer is A. King John’s poor financial decisions and loss of territory
Explanation:
Answer:
3200
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
Market share = sales of a firm / total sales of firms in the industry
total sales of firms in the industry = 5 + 2 + 1 + 1 + 1 = 10
Market share of firm A = (5/10) x 100 = 50%
Market share of firm B = (2/10) x 100 = 20%
Market share of firm C, D, E = (1/10) x 100 = 10%
50² + 20² + 10² + 10² + 10² = 3200
