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Q: The price of one unit of an item or amount is called unit price. Group of answer choices True False
A: unit price is a valuation method for consumers who buy in bulk.
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A: Due to price increase, if the purchasing power of a consumer decreases, it is the income effect.
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A: These goods that are consumed in lieu of a particular product. The answer is - Substitute Good
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A: 1) A theory is an explanation of the casual mechanism behind observed phenomena. Thus, the statement…
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A: According to the law of demand, there is a negative relationship between the price and quantity…
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Q: explain the inportance of demand analysis to business
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Q: Explain the two main types of related goods according to demand and supply analysis.
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A: Equilibrium is reached at such a price where quantity demanded equals quantity supplied.
Q: Differentiate between cardinal and ordinal approach to consumer behaviour
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Q: The covid 19 pandemic impacted the market for masks. How was it impacted? Discuss and Give examples
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A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…
Other than price, identify one market signal. Show how that market signal influences decision-making,
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- Type the correct answer in the box. Spell all words correctly. Vivian conducted market research on her company’s products. She found that after the company raised the price of its product by $1.50, the demand in the uptown region remained the same with only minor fluctuations. However, she found that the demand in the downtown region dropped by 20 percent after the price change. How should Vivian take these demands into consideration? In a situation where demand differs in different areas, Vivian should consider the demand.Answer the question. Explain.Please answer ASAP. show your reasoning to help me understand
- It is a set of those combination of two goods which offer the consumer the same level of satisfaction. ONE WORDMultiple choice There is an increased consumer preference for tea. How will this impact the market for tea? Demand for tea will decrease. The quantity demanded of tea will increase. Demand for tea will increase. The quantity demanded of tea will decrease.Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each). Determine what phase of the product life cycle each is in. Evaluate the marketer’s strategy (product, price, promotion, and distribution) for the product and whether it is appropriate for the life-cycle stage.