Answer:
Equilibrium price will increase and quantity demanded will increase.
Explanation:
Chicken and beef are both meat and exist as substitutes.
The New York Times report on out break of mad cow disease will make consumers look for a substitute to beef, they will buy more of chicken.
The fact that this breed of chicken eat the same feed and gains more weight will attract customers.
When a factor besides price affects the demand of a good it results in a demand shift. In this case demand for chicken increases, so demand curve shifts to the right.
The equilibrium price will also increase as more of the chicken will now be supplied. This is illustrated in the attached diagram by equilibrium price shift from P1 to P2.
Answer:
Grocery store
Explanation:
Groceries are sold on daily bases as people's need are daily met. The purchases ration is higher than that of automobiles.
A marketing means those activity that that is involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering.
<h3>What is a
marketing?</h3>
This refers to the process of creating, distributing, pricing and promoting goods and services as well as to facilitate satisfying exchange relationships with customers
The marketing also focuses on developing and maintaining favorable relationships with stakeholders in a dynamic environment
Hence, it is also involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering
Therefore, the Option B is correct.
Full question "What activity is geared around understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering? production sales finance marketing.
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All are assumed except <u>A. Total variable costs remain the same over the relevant range.</u>
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Cost-volume-profit analysis examines how changes in cost in volume affect income. Variable costs are ones that go up and down depending on production levels, so it would not make sense to assume that variable costs stayed the same over the relevant range.
Because all people ( the public ) can fully enjoy this good/service without competing for it.
