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How does the substitution effect work when the price of an item rises?
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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 price of an item drop?
consumers buy the item as a substitute for other more costly items
What is the relationship between the price of an item and the quantity demanded?
It is a direct relationship. As demand for an item rises, all else equal, price for an item will rise.
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
How much are RuneScape d claws?
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.
What is the best merchanting clan in runescape?
Merching clans are risky. I recommend you stay away from them, and do some merching on your own: Try to buy an item when it is low, in the hope that the price rises.Merching clans are risky. I recommend you stay away from them, and do some merching on your own: Try to buy an item when it is low, in the hope that the price rises.Merching clans are risky. I recommend you stay away from them, and do some merching on your own: Try to buy an item when it is low, in the hope that the price rises.Merching clans are risky. I recommend you stay away from them, and do some merching on your own: Try to buy an item when it is low, in the hope that the price rises.
What is the definition of regular price?
The regular price of an item is the non-sale price of that item.
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 Another name for a item at discounted price?
items on reduced price, or low price item. Sale price, loss leader, offer price.
The amount the price of an item is increased above the price the store paid for the item?
Mark up
What happens to total revenue when prices fall and demand is price inelastic?
Inelastic demand means that the demand changes very little as the price rises or falls. If prices drop and people don't buy any more of the item, total revenue declines.
