Change in consumer incomes Change in prices of соmpeting products Change in prices for raw materials Change of fashion goods Introduction of new technology

Q: 0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge…

A: The price of $34.08 per sweatshirt, 110 shirts are sold. Then to sell 330 sweatshirts the price is…

Q: how did we get price at $10?

A: As discussed earlier, the monopolist has complete and maximum market power. A Monopolist produces…

Q: What is the term for the total number of units that are purchased at that price?     quantity…

A: Demand shows different combinations of price and quantity demanded. It shows that price and quantity…

Q: In which of the service system does the customer affect the time of demand a. Low degree of customer…

A: In a market, when peope enter to make demand for goods and services, there are various factors that…

Q: Is the change in revenue related to an increase in units sold, an increase in prices, or…

A: Revenue is the value of sold products. It is derived as price per unit multiplied by the quantity…

Q: Draw a supply and demand curve for your favorite product. You get a massive raise at work, what…

A: ANS A massive raise at work will increase the income earned by the consumer as a result the consumer…

Q: Situation: Lettuces and strawberries have almost doubled in price, and the produce rep says this…

A: The price of a good is the monetary value of all the inputs that has been used while the production…

Q: Draw a supply and demand curve for cheeseburgers. Cattle farmers created a supplement to give to…

A: The demand(dd) curve shows us the negative relation that exists between the price(P) of a product…

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand is the consumer's willingness to pay or consume a certain good available in the market. It…

Q: Why are celebrities endorsed brands more expensive?

A: The company’s sales and market share of branded items will be increased with the help of celebrity…

Q: human want or need is called A. Service B. Demand C. Utility

A: So all the actual aspirations and the basic desires of the human are totally known as the human…

Q: Supply is more elastic if there is no time to do any adjustment. None of the above the adjustment…

A: Supply curve shows a positive relationship between price and quantity supplied of a good. It slopes…

Q: Refer to the demand schedule below: Price ($) 80 70 60 50 40 30 20 10 0 Quantity demanded 0 50 100…

A: Demand Schedule: The demand schedule for a good is a combination of a different price and the…

Q: What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••

A: It is the UTILITY which refers to the amount of the satisfaction derived from the consumption of the…

Q: Refer to Figure 3. Which of the panels represent the situation of a monopoly firm maximizing profits…

A: In a monopoly market,  A monopolist will produce where the marginal cost curve intersects the…

Q: Pepsi and coke are Substitute or compliment good?

A: The goods which can be used in place of one another to fulfill the needs of a consumer are termed as…

Q: Answer in a paragraph- What are the various factors that affect your purchase process when you buy…

A: When purchasing shampoo, my decision-making process is a multifaceted one that considers various…

Q: hey im confused. when i enter this into my calculator 50/(1+0.05) + 50/(1+0.05)2 + 1000/(1+0.05)2  i…

A: Quantity demanded is actually indicating the total demand of the goods and services which is…

Q: Choose an article on a topic (product/good/service) that affects your daily life. Briefly tell us…

A: Demand refers to the quantity of a product or service that consumers are willing and able to…

Q: Price Chocolate Market Quantity Do

A: According to the description, we have a scenario in which the demand for chocolate is rising but the…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.