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Author Question: If demand is taken into account, firms that use cost-plus pricing can adjust price by A) letting ... (Read 27 times)

Sportsfan2111

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If demand is taken into account, firms that use cost-plus pricing can adjust price by
 
  A) letting sales fall, but hold the markup constant if demand falls.
  B) lowering markups on price-elastic goods and raising markups on price-inelastic goods.
  C) letting sales rise, but hold the markup constant if demand rises.
  D) raising markups on price-elastic goods and lowering markups on price-inelastic goods.

Question 2

Suppose a developing country receives more machinery and capital equipment as foreign entrepreneurs increase the amount of investment in the economy. As a result
 
  A) the economy will move up along the long-run aggregate supply curve.
  B) the long-run aggregate supply curve will shift to the left.
  C) the long-run aggregate supply curve will shift to the right.
  D) the economy will move down along the long-run aggregate supply curve.


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ryrychapman11

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Sportsfan2111

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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