This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify the reasons why the quantity demanded of a product increases as the price of that product ... (Read 46 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jul 1, 2018
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases.
 a. as the price declines, the real income of the consumer increases
  b. as the price of product A declines, it makes it more attractive than product B
  c. as the price declines, the consumer will always demand more on each successive price reduction
  d. a and b
  e. a and c

Question 2

Managers of profit centers earn more when their divisions
 a. increase their sales and increase their costs
 b. decrease their sales and increase their costs
 c. decrease the costs of the components for which they are responsible
  d. increase the costs of the components for which they are responsible


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


theo

  • Member
  • Posts: 698
Reply 2 on: Jul 1, 2018
Gracias!

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Over nearly 30 years, humans removed many polar bears for a variety of reasons, from a population in Over nearly 30 years, humans removed many polar bears for a variety of reasons, from a population in
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
Product Rule Product Rule
Use the product rule to find derivative Use the product rule to find derivative
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library