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user100 [1]
2 years ago
8

Miriam owns a small shop selling custom headbands and accessories. Last month, she sold 335 headbands for $10 each. According to

the law of demand, what quantity might Miriam expect to sell if she drops the price to $6?
Business
1 answer:
aliya0001 [1]2 years ago
3 0

Answer:

correct answer A. 415

<em />

<em>Multiples choices for the question :  a. 415  b. 300. c. 290 d. 335</em>

Explanation:

The law of demand explains the relationship between the price of a product and the quantity demanded.  According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.

If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand.  From the choices available, option A is higher than the current sales of 335.  The reduced price will increase demand, pushing the sales higher.

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Answer:

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6 0
2 years ago
Read 2 more answers
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kaheart [24]
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