NEED THE ANSWER ASAP
What, if anything, is likely to happen to the number of pairs of running shoes sold as the price charged for them is reduced from $5,000 to $65?

Answers

Answer 1

Answer:

The number of pairs of running shoes would decrease becase of the huge price drop which would increase more customers to buy the shoes.

Answer 2

As the price of running shoes decreases from $5,000 to $65, it is likely that the number of pairs sold will increase. This is due to the inverse relationship between price and demand in economics known as the law of demand.

At higher prices, the demand for running shoes is likely to be lower as consumers may not be willing or able to pay such high prices.

As the price decreases, however, more consumers will be able to afford the shoes and may decide to purchase them, leading to an increase in demand.

Additionally, lower prices may attract new customers who may have previously been deterred by the high prices. This increase in demand may be further amplified if the price reduction is accompanied by effective marketing campaigns or sales promotions.

However, it is important to note that there may be a limit to how much the demand can increase due to factors such as market saturation, competition, and the availability of substitutes. Therefore, the extent of the increase in the number of pairs of running shoes sold will depend on various factors and may not be proportional to the decrease in price.

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Related Questions

How can we start a business

Answers

Answer:

1.conduct market research.Market research will tell you if there is an opportunity to turn your plan into successful business

2.write your business plan

3.fund your business

4.pick your business location

5.choose your business location

6.choose your business name

7.register your business

8.get federal and state tax IDs

When a salesperson is discharged for a violation of any of the provisions of the Real Estate Law, the employing broker must immediately file a __________ with the Commissioner.

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Certified written statements of the facts.

a.
Over the period of a year, Julie's net worth decreased. Which of the following could be true?
Julie's assets and liabilities decreased by the same amount.
b. Julie's assets and liabilities increased by the same amount.
c. Julie's assets increased by more than her liabilities.
d. Julie's assets decreased by more than her liabilities.
Please select the best answer from the choices provided
A
ΟΟΟ
B.
С

Answers

The situation that could be true about the reduction in Julie's net worth would be:

d). Julie's assets decreased by more than her liabilities.

'Net Worth' is characterized as 'the value of all the assets one possesses after subtracting all his/her debts or liabilities.'In the given circumstance, the decrease in Julie's net worth would denote that the sum total of her liabilities for that financial year exceeded her total assets. The other possibility could be that the decrease faced in her liabilities is higher than the decrease in her assets leading her net worth to be negative.

Hence, option d is the correct answer.

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Question 2 of 10
A business that wants to increase its productivity by hiring additional highly
qualified employees would most benefit from an investment in

Answers

Answer:

b.labor

Explanation:

Identify an accurate statement about groups of customers with similar need sets. Multiple choice question. They always have identical demographics. They belong to a single, homogeneous demographic group. They can have sharply different demographics. They never have varied demographic features.

Answers

When there is a group of customers that have the same requirement sets so the following should be the accurate statement.

The statement "It could have clear various demographics" is correct.

The following information related to the customer is:

It is an individual or the business that buys the goods or services of the company. Without customers, the company could not survive out, neither company could able to make a profit. Now if there are various customers and all have the same kind of needs so it means that there are different demographics.

Therefore all other options should not be considered.

Thus we can conclude that The statement "It could have clear various demographics" is correct.

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Paul's Programming Services paid $100 dividends. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Credit Cash; debit Common stock. Debit Dividends; credit Cash. Debit Cash; credit Dividends expense. Credit Cash; debit Retained earnings.

Answers

Answer:debit dividends; credit cash

Explanation:

In T-accounts, the transaction is recorded as debit Dividends; credit Cash. Option (b) is correct.

What are T accounts?

A collection of financial records that employ double-entry accounting are referred to informally as T-accounts. Because of the way the bookkeeping entries are organized, the account is known as a T-account.

A corporation's payout of profits to its shareholders is known as a dividend. A corporation that experiences a profit or surplus is able to distribute a portion of that profit to its shareholders in the form of a dividend. Any remaining funds are seized and reinvested in the company (called retained earnings). A corporation is typically not allowed to pay a dividend out of its capital. therefore, both the current year's profit and the retained earnings from prior years are eligible for distribution.

Therefore, Option (b) is correct.

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Factors that must be considered before starting up a business ?

Answers

Answer:

factors that must be considered before starting business are:

Explanation:

1)capital

2)raw materials

3) enough knowledge about things

4)market

5)skilled manpower

Answer:

They are

A Business idea

Knowledge of the business

Start up cost

Capital

Demand

Location

Bethany has been assigned the task of shipping all of the exhibit parts for the trade show her company is participating in to Germany. She works with a shipping company and has all the parts packaged together in a crate that will be lifted directly from the company truck to the airplane. When the crate arrives in Germany it will go directly onto another truck and will be delivered to the convention center. What innovation in transportation is Bethany using

Answers

Bethany is using communication innovation to manage the required task.

Communication is the process of relaying information between people or parties about a specific issue. It can be done through various means that will help the flow of that required information.

In the given scenario, Bethany needs to ensure that the exhibit parts are transported to the designated destination. To make that happen, she cannot personally/individually do the work herself. So, she would need the help of a shipping company to help her transport the items for the trade show. This will be made through a communication process where she deals with the shipping company that will do the work for her. And ensuring that the parts are packaged together in a crate, put in an airplane, safely arriving in Germany, and delivered at the convention center, she needs to have a good communication flow and line with the shipping company and the person(s) involved.

Through the process of communication, Bethany is able to ensure the safe and timely arrival of the exhibit parts for her company's trade show. The innovation in transportation that she used is that of communication with the people involved to help her move the exhibit parts and delivered them on time and safely. It is also one important aspect of globalization.

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discuss three consequences of
unemployment on the individuals​

Answers

Answer:

it compells an individual to suffer form various problems like financial hardship and poverty, debt, homelessness and housing stress, family tensions ,etc.

Explanation:

hope it may help you

Being unemployed is a highly stressful situation, so it may cause stress-related health issues such as headaches, high blood pressure, diabetes, heart disease.

There ya go. :)

Important of trade to a country

Answers

Answer:

Getting items only available from other countries.

Explanation:

Many countries rely on eachother to provide what others don't have

Suellen meets with licensee Nick to discuss selling the home where she has lived for 30 years. Suellen wants enough money from the sale to purchase a condo in a new community and buy some new furniture without going into debt. She tells Nick she needs to make $215,000 on the sale. Anything he can get over and above that amount will be his to keep. This is an example of a(n)

Answers

net listing, the seller sets a net amount that they will accept, anything above that amount is the agents to keep

To decrease buyer power, the firm can a.​Differentiate its product b.​Decrease dependency on a single buyer c.​Sell its products in locations with multiple buyers d.​All of the above

Answers

Answer:

I need these pt thx plz plzpl

ASAP ANSWER PLEASEEEE
What did professor Arbiter mean by the statement that the company's objective was "profit, not price"?

Answers

I’m not confident with my answer, but maybe that the company should focus on bringing in profit rather than focusing too much on price. However, price selection is also important to bring in profit.

The three parts of an income statement heading are _____.


who

when

where

what

motivation of 50. also last year trying to get rid of them. Have a good day :D

Answers

Answer:

Who,When,What

Explanation:

Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.

Answers

1). The four factors that would be involved in Fatima's bakery business would be:

Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

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Control measures should​ ________. A. be linked by feedback to help learning and future planning B. be set by excluding nonfinancial information C. be set and not changed until the next budget cycle so as to provide an effective benchmark D. be kept confidential from employees so that competitors​ don't have an opportunity to gain a competitive advantage

Answers

A. Be linked by feedback to help learning and future planning.

Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.

Answers

Answer: first one

As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.

Explanation:

credit to mohammedalm2

The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.​

Answers

Not sure but good luck

who is office cheif ? write any four function of office cheif​ ( subject : account)

Answers

Answer:

Office Chief is someone who is responsible for the implementation of office work. The position of an office chief is very important, because the office chief is a member of the leadership, and he is the last link in the chain of command from the highest leadership.

The 4 functions of Office Chief, include:

Preparing long term and short terms plans and policies of the organization. Dividing the work among the workers in the organization. Directing and coordinating the activities of the different staff and departments. Adopting good remuneration system for motivating workers.

Answer:

Cheif Keef

Explanation:

5),[5] better known by his stage name Chief Keef, is an American rapper. Cozart's music first became popular during his teen years in the early 2010s among high school students from Chicago's South Side.[6] In 2012, his popular local single "I Don't Like" was remixed by American rapper Kanye West and reached the Billboard Rap Top 20, further raising Cozart's profile.[6] A bidding war between major labels resulted in Keef signing with Interscope. His debut album Finally Rich was released in December 2012, and featured the singles "I Don't Like" and "Love Sosa", which would popularize the Chicago rap subgenre drill.[7]

Chief Keef has faced ongoing legal issues during his career, including weapons possession charges, house arrest sentences, and a performance ban imposed by Chicago authorities.[8] Though he was dropped from Interscope in late 2014 and later signed to 1017 Records, he continued self-releasing projects through his own Glo Gang label. These included: Nobody (2014), Back from the Dead 2 (2014), Bang 3 (2015), and Th0t Breaker (2017).

By the late 2010s, critics have pointed to Chief Keef as a major influence on contemporary hip hop through his innovation with the drill subgenre and the impact of his music on other artists.[9][7][10]

'गंध' शब्द में उपसर्ग एवं प्रत्यय जोड़कर चार शब्द बनाइए।​

Answers

Answer:

Sugandh...Durgandh

gandhak..

A project's discount rate should be based on I. the current risk level of the overall firm II. the firm's interest rate for a levered firm III. the actual sources of funding used for the project IV. an average of the firm's overall cost of capital for the past five years V. None of the above given options is correct

Answers

Answer:

I hope IV is correct answer.

Name the social issues that you have chosen and motivate why you have chosen it​

Answers

Answer:

I would choose violent crime.

Explanation:

It motivates me to choose it since it can help to make most of the other issues easier to tackle since where there is violent crime, there is usually the other issues stated in the list.

I hope this helps :)

_____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.

Answers

Answer:

employment and labor law

Explain how running the school cafeteria is similar to running a command economy.

Answers

Answer:

Running the school cafeteria is similar to running a command economy. The school principal and kitchen staff, similar to a political leader and his/her government provides for the general population. The people in a power position dictate the rules for the cafeteria; what can be served etc.

Hope it helps you.

Select the ways by which a company can understand its own ability to meet customer needs. (Check all that apply.) Multiple select question. It should consider its production capabilities. It should evaluate its own financial condition. It should understand the skills of its marketing department. It should poll its employees to see what they want the company to produce. It should consider the trade-off between wages and fringe benefits.

Answers

The ways where the company could understand have the capability for meeting out the customer needs are as follows:

The production capabilities should be considered.The financial condition should be evaluated.The marketing department's skills should be understable.

The following information related to the customer needs:

It is a motive where the customer is prompted to purchase the product or service.It watched the customer needs as an opportunity for resolving out or distributing the excess value back to the real purpose.

Therefore we can conclude that the above statements should be considered.

And, the other options should be ignored.

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Put the following events from computer history in the order they happened:
Drag
Drop
Drag events here with oldest at top
The World Wide Web becomes available to the public
Scientists at Bell Laboratories invent the transistor
Apple releases the iPhone
Herman Hollerith develops electronic tabulating machine
International Business Machines, or IBM, is formed
The Apple Il is released for home consumers
Jack Kilby invents the microchip

Answers

The sequencing of the following events with respect to computer history is as follows:

In 1890, Herman Hollerith introduced a machine of electronic tabulation.In 1911, IBM or an International business machine should be developed.In 1947, The scientist invented the transistor at Bell Laboratories.In 1958, Microchip was invented by Jack Kilby.In 1977, Home consumers should be released by the Apple II.In 1993, WWW or World wide web could be accessed by the public.In 2007, iPhone should be introduced by Apple.

In this way, the above events should be ordered.

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Answer:

Answer in image

Explanation:

A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
irrevocable
revocable

Answers

Answer:

testamentary trust is the answer.

Answer: hello, your answer would be TESTAMENTARY

Explanation:

i just finished the test and got it right

Swaggy and cool peeps tryna answer or find questions about their business course

Answers

Answer:

..............................

Jose's Pizza Parlor, Inc., recently acquired controlling interest in Mariana's Pizza Parlor, Inc. This acquisition is called:
(A) Monopoly.
(B) Vertical merger.
(C) Conglomerate merger.
(D) Horizontal merger.

Answers

(D) Horizontal merge

What academic information do you have about sub-overseer?​

Answers

Explanation:

Pre-Diploma in Civil Engineering (Civil Sub-Overseer) program is designed to prepare competent general civil sub-overseers equipped with knowledge, skills and attitude especially, in the area construction Engineering & Technology of building construction, water supply, irrigation and road and trail bridges sectors.

They can provide services in the growing infrastructure development industries (civil construction companies and consulting firms) government institutions (centre and local level), local as well as international non-governmental organizations or can start their own business in the country as well as abroad.

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