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consumers buy the item as a substitute for other more costly items

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Laury Hermann

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2y ago

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How does the substitution effect work when the price of an item drops?

consumers buy the item as a substitute for other more costly items


How does the substitution effect work when the prices of an item drops?

consumers buy the item as a substitute for other more costly items


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John Lewis guarantee that they will match the price of any item they sell with the lowest price that any of their competitors are offering. If the item is on sale in another store then they will drop their prices to match their sale prices.


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They were 33.4M but the price will the drop or rise depending on the quantity of the item drops or rises.


How would mass production effect the price of goods?

It would make the value of the item decrease.


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If you receive a complete set of gold,xp,and drop items you must enhance the drop item or if it is a quest item turn it in to the NPC that needs it or if its only gold and xp there's nothing you need to do with them.


What is the delivery price for this item?

The delivery price for this item is 10.


What is the definition of regular price?

The regular price of an item is the non-sale price of that item.


What is the final price for this item, and is the price non-negotiable?

The final price for this item is 100, and the price is non-negotiable.


If you sold an item for 20.00 and included sales tax and your sales tax rate is 7.3 what was the item price before sales tax?

The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.


What is the selling price of the item?

The selling price of an item is the amount of money for which it is sold.


Is the price for this item non-negotiable?

Yes, the price for this item is non-negotiable.