The answer is Each individual buyer’s demand curve will be Vertical and the market demand curve will be Downward sloping.
The demand curve could be a graphical representation of the connection between the value of an honest or service and therefore the quantity demanded for a given period of your time. in a very typical representation, the value will appear on the left vertical axis, the amount demanded on the horizontal axis.
The demand curve will move downward from the left to the correct, which expresses the law of demand—as the worth of a given commodity increases, the amount demanded decreases, all else being equal.
Note that this formulation implies that price is that the variable, and quantity the variable. In most disciplines, the experimental variable appears on the horizontal or x-axis, but economics is an exception to the current rule.
The degree to which rising price translates into falling demand is named demand elasticity or price elasticity of demand. If a 50% rise in corn prices causes the number of corn demanded to fall by 50%, the demand elasticity of corn is 1. If a 50% rise in corn prices only decreases the amount demanded by 10%, the demand elasticity is 0.2. The demand curve is shallower (closer to horizontal) for products with more elastic demand, and steeper (closer to vertical) for products with less elastic demand.
Other factors can shift the demand curve similarly, like a change in consumers' preferences.
Learn more about Demand Curve here
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Answer:
$217, 100
Explanation:
The selling expenses are as follows
sales commissions 5% of 1,000,000
=5/100 x 1,000,000 = $50,000
sales manager is $80,000
Adverting expenses $65,000
shipping expenses 1% of 1,000,000
=1/100 x 1,000,000 = $10,000
Miscellaneous expenses 2100 + 1/100 x 1,000,000
=2100 +10,000 = $12,100
Total selling expenses = $50,000 + $80,000 + $65,000 + $10,000 + 12,1000
= $217, 100
Answer:
$22,000
Explanation:
The original cost of the car was : $26,000
The fair market value of the car was : $12,000
The car was bought at a price higher than its fair market value by :
$26000-$12000 = $14000
She exchanges the car for $18000 to get a new one;
The loss while selling the car is : $26000-$18000=$8000
Total loss realized is : $14000 +$8000 = $22,000
The reason why citizens pay taxes is to help the government pay for their needs. Like teachers, public schools and other resources people need that can’t afford.
Answer:
Golden Circle
Explanation:
-Persona creation process is the process to generate a representation of a specific customer that will use your product.
-Golden Circle is a model that helps companies to find the best form to provide value to their customers and differentiate from the competition.
-Inbound Methodology is a process that organizations use to turn leads into customers.
-Buyer's journey is a process that includes all the stages that a customer pass through from realizing the need to making a purchasing.
According to this, the answer is that the Golden Circle can help you develop a mission statement that connects with your audience because it can help you to develop a message that would attract your target customer and get a position in their mind.
