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

Author Question: After running a promotional campaign, the owners of a local shoe store decided to decrease the ... (Read 89 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
After running a promotional campaign, the owners of a local shoe store decided to decrease the prices for the shoes sold in their store. One can imply that
 a. The promotional expenditures made the demand for their shoes more elastic
  b. The promotional expenditures made the demand for their shoes more inelastic
  c. The promotional expenditures has no effect on the shoe demand elasticity
  d. The owners got it wrong. To cover the promotional expenses, they should have raised the prices.

Question 2

All of the following are true for both competition and monopolistic competition in the long run, except one of them. Which is it?
 a. P = MC
  b. P = AC
  c. Economic profits become zero in the long-run
  d. The barriers to entry and exit are relatively easy
  e. None of the above is an exception


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leeeep

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
Gracias!

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Local Anesthetics Local Anesthetics
If the pump is not running, check the wiring and current flow before going through the process of ... If the pump is not running, check the wiring and current flow before going through the process of ...
Psoriasis is a local contraindication for massage only during an acute outbreak. Psoriasis is a local contraindication for massage only during an acute outbreak.
Techniques for Applying Local Anesthesia Techniques for Applying Local Anesthesia
Decrease in mean haplotype heterozygosity Decrease in mean haplotype heterozygosity
Sprinting, running and lactic acid fermenation Sprinting, running and lactic acid fermenation
Video: Pneumonia Animation

For a complete list of videos, visit our video library