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Vladimir79 [104]
1 year ago
12

Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d

ecreases to $3.75 per cup, which of the following is the most likely outcome?a. students would purchase fewer than 750 cups per day. b. student would continue to purchase 750 cups per day. c. students would purchase more than 750 cups per day. d. we do not have enough information to answer this question
Business
1 answer:
Olin [163]1 year ago
8 0

Answer:

c. students would purchase more than 750 cups per day.

Explanation:

As per the law of demand, an inverse relationship exists between price of a good and it's demand. If price of a good falls, keeping other factors affecting demand as constant, the quantity demanded of the good shall rise.

In the given case, quantity demanded of coffee is 750 cups per day at the price level of $4.25 per cup. When price falls to $3.75 per cup, the demand for coffee shall now rise. So ideally, more than 750 cups shall be purchased by students now.

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Carry-back should be reported as a benefit

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(6 points) Life rating in Greece. Greece faced a severe economic crisis since the end of 2009. Suppose a Gallup poll surveyed 1,
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The correct answer would be option D, India has high import tariffs.

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When companies import or export products in or out of the country, they are usually charged with a duty which they have to pay on the import or export of the products. This is called as the Tariff.

While considering the export of a product to another country, the import tariffs of that other country has a pretty much impact on the profits of that company's Sales. Higher the tariffs, lower the profits and vice versa.

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