Answer:
After the increase in demand, the new equilibrium price is <u>$160</u>, where both supply and demand equal <u>300</u>.
Explanation:
When the income level of customers increases, the demand curve shifts to the right, increasing the quantity demanded at every price level.
If the quantity demanded for a good increases as its customers' income increases, it is called a normal good.
In this case, the previous equilibrium quantity was 200 units and the equilibrium price was $50. Since the demand curve shifted to the right, both the quantity demanded increased from 200 units to 300, and the equilibrium price increased from $50 to $160.
Answer:
Electronic-discussion channel
Explanation:
Since the various arms involved in the development of the reference book are country apart, the best way fro every to communicate is through and electronic channel because it is very cost saving considering the fact that the project is under a tight budget.
An electronic-discussion channel could be through electronic messaging apps or any other channels which gives each party involved the means to contribute at the same time and help communicate the progress or lack of it in the development of the reference book.
cheers.
Answer:
Differentiation strategy, is the right answer.
Explanation:
In Bussiness studies, a differentiation strategy is a method of developing the business by providing the customers with something different or unique from the items offered by their competitors in the marketplace. The increase in the competitive advantage is the main objective behind implementing a differentiation strategy. By analyzing its strengths, weaknesses, the needs of customers and the prices they can provide, a business can accomplish this.
Answer: False
Explanation: The term "Learning organizations" can be defined as a place where people continue learning and expand their capacity to see the results they desire. According to Peter Sange, the one who coined the concept with his colleagues, Learning organization responds as a company that helps its employees to learn more.
