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What would be the result when each firm choose a high price strategy?
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Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
What was the result if demand was high and an item could be produced cheaply nearby?
Price Would Go Up
How would it be possible to observe a decrease in both the equilibrium price and quantity in the market at the same time?
A fall in demand will result in the decrease of both equilibrium price and quantity. A fall in demand( a leftward shift in the demand curve) will result in the decrease of both equilibrium price and quantity.
Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price?
Because if it set its price higher than the current market price, it would not sell anything; and if it set its price lower than the current price, it would sell all of its product, but it would not make an economic profit. Understand, however, that this does not happen in real life, because in real life, there is no such thing as a perfectly competitive market.
If the price elasticity of demand for cable TV connections is high for example greater than 1.5 and the price elasticity of demand for movies shown in theatres is less than 1 what strategy would use?
strategy to do what? movies in theater are inelastic meaning that if you increase or decrease price it wouldn't effect the demand as much, (just like the price of gas if it increases it wont have a big impact on the sales of gas). cable tv is elastic so if the price for it is increase demand curve will shift to the left( it will drop).
What is a reasonable price for a book?
it depends on the book. I would choose about $10.
If you need a transition that shows cause and effect which of these transitions would you choose?
As a result
Can A product sell for its Manufacturers Suggested Retail Price?
Usually, yes, that's the point. All "Manufacturer's Suggested Retail Price" means, is that the price of the MSRP is the lowest price that the retailer can advertise. The retailer can choose to sell at a lower price than MSRP, but cannot advertise it. The retailer is allowed to charge a higher price, if they choose, and advertise at the higher price, also if they choose to, but in most cases would be foolish to do so.
What pricing strategy to use for a clothing line?
What I would do is I would reasonably price the line but base the prices on a similar popular line that has already taken off.
A weaker demand together with a stronger supply would necessarily result in?
lower price
Where can one purchase a media converter at a good price?
Amazon.com would be a great place to purchase a media converter. You will have a list of several different sellers to choose from. And you will have several different price ranges to choose from as well.
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
What is the four step method in math?
Its for a word problem. At least that was I was taught. FIND OUT; What is the problem about,What is the question in the problem,what do I have to find out in order to answer the problem,What info can I start with,Is there any words or ideas that I don't understand, Am I missing needed info. CHOOSE A STRATEGY; Have I solved a problem like this before strategy did I use before, would that strategy be helpful? SOLVE IT Is my math is to read ,was the strategy helpful would another strategy be more helpful? Do i need to multiply divide add or subtract etc
What is the difference between a turnover strategy and a conversion strategy?
Turnover strategy would be a complete redo and a conversion strategy would just need a few chamges.
What was the result if demand was high and an item could be produced cheaply nearby?
Price Would Go Up
Where can I get a coaxial cable for a low price?
Purchasing from Amazon.com would provide you with the lowest price for the coaxial cable. They have many different brands and lengths of cable from which you may choose.
Where can I find good and cheap apartments for boston?
Rent.com allows you to choose your price options as well as your apartment options to find what is best for you at the price you would like to pay.
