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Neko [114]
2 years ago
7

What is Consumer Sovereignty mean.

Business
1 answer:
Naddika [18.5K]2 years ago
4 0

Hi! Consumer sovereignty Means the economic power exercised by the preferences of consumer In a free market.

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Assume that consumers' incomes and the number of sellers in the market for good A (a normal good) both decrease. Based upon this
Vadim26 [7]

Answer:

Quantity will Increase

Explanation:

As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward

So here the price should be the same but the quantity is increased

4 0
3 years ago
A brand community refers to the:
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Answer:

The correct answer to the following question will be Option D.

Explanation:

  • A community or culture under which customers meet & connect who shares a collection of social relationships based on use or involvement in such a commodity, termed as a Brand community.
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The other three choices are not related to this type of community. So that Option D is the right answer.

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3 years ago
In his work for a new company, Byron found a flower material that he could use to manufacture dresses. In his career, Byron is m
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Answer:

into how many geographical region Nepal has divided ?describe them in a few line

3 0
3 years ago
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An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom
loris [4]

<u>line</u>

Explanation:

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) <u>line</u> structure.

4 0
3 years ago
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
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Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed =\frac{60}{5}=12

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

7 0
4 years ago
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