The absolute value of the price elasticity of demand for bus tickets is approximately 3.59.
To calculate the absolute value of the price elasticity of demand using the simple percentage change method, we need to determine the percentage change in quantity demanded and the percentage change in price.
Given:
Initial price (P1) = $0.88
Initial quantity demanded (Q1) = 588 riders
New price (P2) = $0.99
New quantity demanded (Q2) = 324 riders
Percentage change in quantity demanded:
%ΔQ = ((Q2 - Q1) / Q1) * 100
= ((324 - 588) / 588) * 100
= (-264 / 588) * 100
≈ -44.9%
Percentage change in price:
%ΔP = ((P2 - P1) / P1) * 100
= ((0.99 - 0.88) / 0.88) * 100
= (0.11 / 0.88) * 100
≈ 12.5%
Now, we can calculate the absolute value of the price elasticity of demand:
|E| = (%ΔQ / %ΔP)
= (|-44.9| / 12.5)
= 44.9 / 12.5
≈ 3.59
Therefore, the absolute value of the price elasticity of demand for bus tickets is approximately 3.59.
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A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
Part 3 (Chapter 3 content) 18 Marks Ava's Boutique is a small e-tail business specializing in the hand crocheted hats for adults over the internet. The business is owned by a sole proprietor and operated out of her home. Results for last year are as follows: AVA'S BOUTIQUE Income Statement For the Year Ended Decernber 31 Since Ava's Boutique is an e-tailer, all of it's cost of goods sold was variable A large portion of the selling and marketing expenses consisted of freight-out charges ($last 4 digits of student number.). which were also variable. Only 10% of the remaining selling and marketing expenses and 25% of the website expenses were variable. Of the other operating expenses, 60% were fixed. Required: Based on this information, prepare Ava's Boutique's contribution margin income statement for lastyear
Ava's Boutique's contribution margin income statement for last year can be prepared by subtracting the total variable expenses from the sales revenue.
A contribution margin income statement separates the costs into variable and fixed categories and shows the contribution margin, which is the difference between sales revenue and variable expenses.
Here is the contribution margin income statement for Ava's Boutique:
Ava's Boutique Contribution Margin Income Statement
For the Year Ended December 31
Sales Revenue: $X (not provided in the information)
Variable Expenses:
Cost of Goods Sold: $X (100% variable)
Freight-Out Charges: $X (variable based on freight-out charges)
10% of Remaining Selling and Marketing Expenses: $X (variable)
25% of Website Expenses: $X (variable)
Contribution Margin: $X (Sales Revenue - Variable Expenses)
Fixed Expenses:
60% of Other Operating Expenses: $X (fixed)
Net Income: Contribution Margin - Fixed Expenses
It's important to note that the sales revenue amount is not provided in the given information. To calculate the net income, the sales revenue would need to be subtracted by the total variable expenses and then subtracted by the fixed expenses.
By preparing the contribution margin income statement, Ava's Boutique can analyze its profitability and understand how the different expenses impact its overall performance.
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a u.s. investor makes an investment in britain and earns 14% on the investment while the british pound appreciates against the u.s. dollar by 8%. what is the investor's total return?
The investor's total return is the sum of the investment return and the currency exchange rate return. In this case, the investment return is 14%, which means the investor earned 14% on the amount invested. The currency exchange rate return is 8%, which means the British pound appreciated by 8% against the U.S. dollar.
To calculate the total return, we need to add the investment return and the currency exchange rate return. If we assume the investor invested $1,000, the investment return would be $140 (14% of $1,000), and the currency exchange rate return would be $80 (8% of $1,000). Therefore, the investor's total return would be $220 ($140 + $80).
It's important to note that currency fluctuations can have a significant impact on investment returns, especially for international investments. In this case, the investor benefited from both a strong investment return and a favorable currency exchange rate, resulting in a higher total return. However, it's important for investors to consider the potential risks associated with currency fluctuations and diversify their investments accordingly.
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You can attract people by using _________ to create content and experiences.
You can attract people by using creativity to create content and experiences.
Creativity is a powerful tool for attracting people to your content and experiences. By thinking outside the box and coming up with unique and engaging ideas, you can capture people's attention and keep them coming back for more. Whether it's through visual design, storytelling, or interactive experiences, creativity can help you stand out in a crowded field and build a loyal following.
Attracting people to your content and experiences is all about capturing their interest and keeping them engaged. To do this, you need to be creative in the way you approach your messaging and delivery. Creative content and experiences stand out from the sea of generic offerings, and can help you build a strong brand identity that people will remember.
One way to use creativity to attract people is through visual design. By creating eye-catching graphics, videos, or animations, you can draw people in and make a lasting impression. A visually appealing website, social media feed, or marketing campaign can make all the difference in getting people to take notice and engage with your content.
Another way to use creativity is through storytelling. By crafting compelling narratives that resonate with your audience, you can create an emotional connection that keeps people engaged. Whether it's through blog posts, podcasts, or video content, storytelling can be a powerful tool for building a loyal following and driving engagement.
Finally, interactive experiences can be a great way to attract people to your content. By creating games, quizzes, or other interactive elements, you can make your content more engaging and encourage people to spend more time with it. Interactive experiences can also be a great way to gather data about your audience, which can help you refine your messaging and delivery over time.
In short, creativity is a vital tool for attracting people to your content and experiences. By using innovative design, storytelling, and interactive elements, you can create a compelling brand identity that people will remember and engage with over time.
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a passive investor carefully studies investment alternatives, regularly monitors them, and makes decisions to buy and sell with or without the advice of a professional.
A passive investor studies investment alternatives, regularly monitor them and make decisions to buy and sell with or without the advice of a professional. - False
A person who invests money in a corporation, such as a business, in the hopes of making a profit is known as an investor. A passive investor is one who abstains from taking part in the operational decisions that go into running a business. Such investors may be regarded as restricted partners rather than general partners in partnerships.
The passive investor assumes that the market is efficient and that equities are priced reasonably to represent the risk associated with purchasing the stock. A passive investor depends on the controlling shareholders and management to run the corporation's operations in a way that maximizes its worth and shares the opportunity for growth with the passive investor. These investors rarely carefully study or monitor the trends.
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What will the real value of $100 be in 7 years if you hide the money under your mattress and the inflation rate is 2%
The real value of the money after 7 years, if the money is hidden under the mattress and the inflation rate, is $ 86. 81.
How to find the real value ?If the inflation rate is 2%, the value of money is expected to decrease by 2% per year.
In 7 years therefore, you can use the future value formula to find the real value of the money to be :
= Value today x ( 1 - rate ) ^ number of years
This gives:
= 100 x ( 1 - 2 % ) ⁷
= $ 86. 81
This means that if you hide $100 under your mattress today, in 7 years, its real value will be $86.81 in terms of what it can buy.
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I will give out the brain thing (idk what it’s called) to whoever has the best answer on getting it. It can be serious, funny, sad, etc. Good luck!
Buy a visa card from a store add money on it and buy brain thing with it
Which of the following does a budget tracker do? Select all that apply.
A. keeps schedules flexible
B. compares the amount of money allocated with the money spent
C. shows whether extra costs in one area can be made up by lower costs in another area
D. provides a way for team members to collaborate using collaboration software
E. tracks e-mail threads related to the project
Answer:
A and D
Explanation:
True or false Interpersonal workplace skills deal with your ability to get along with other people.
The given statement "Interpersonal workplace skills deal with your ability to get along with other people" is True because Interpersonal skills, also known as soft skills, people skills, or emotional intelligence, refer to the abilities that individuals possess to communicate effectively with other people and develop and maintain relationships.
Interpersonal workplace skills are critical in the workplace as it helps people in the organization interact with each other positively and enhances teamwork in the workplace. Individuals who possess strong interpersonal skills can work together effectively and efficiently, which leads to increased productivity in the organization. Some of the key interpersonal skills that people must have to thrive in a work environment include active listening, effective communication, conflict resolution, collaboration, time management, and empathy. Active listening is a vital interpersonal skill that individuals must have to thrive in the workplace.
It entails concentrating on the speaker, summarizing the information they provide, and asking relevant questions. Effective communication is another critical interpersonal skill. Clear communication ensures that every member of the organization understands the information and requirements communicated to them. Conflict resolution is also an essential interpersonal skill that individuals must have. It involves finding amicable solutions to disagreements between colleagues.
Collaboration is an essential interpersonal skill as it helps people work together towards common goals. Time management is also a critical interpersonal skill as it ensures that tasks are completed within the allocated time frame. Finally, empathy is an essential interpersonal skill that helps individuals understand and relate to the feelings and experiences of other people.
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Which is an example of E-commerce? A. Hot dog stand B. Cable company C. Online boutique D. Car wash
Answer:
C. Online boutique is the answer
Question 8
1 p
Tanner is entering high school and needs to save as much money as he can for college. What rate
of return must Tanner earn for his investment of $5,000 to double in 4 years?
%
Answer:
It must be invested at 19% per year.
Explanation:
Given that Tanner is entering high school and needs to save as much money as he can for college, to determine what rate of return must Tanner earn for his investment of $ 5,000 to double in 4 years, the following calculation must be performed:
72 / X = 4
72/4 = X
18 = X
Thus, approximately, it must be invested at 18% per year. But it must be checked by the following calculation:
5000 x 1.18 ^ 4 = 9,693.88
5000 x 1.19 ^ 4 = 10,026.69
Thus, it must be invested at 19% per year.
What would the audience’s aims for a eulogy be?
- to hear about an important issue
- to feel inspired
✅to hear about the life of their friend or family member
- to feel concern about the state of the environment
Answer:
to hear about the life of their friend or family member
Any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description.
True
False
Answer:
Questions and answers
Chegg
Question
1.Any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description. True False 2.One of the risks of providing a senior job title includes the possible expansion of those employees with a. office space needs. b. apparent authority.
Answer · 0 votes
1) True 2 b) apparent authority...
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Question
a description of the goods which is made part of the basis of the bargain creates an express warranty that the goods will conform to the description. true false
if you take and hour shower with the hot water how much water will the bill cost Avery day.
Answer:
$1000000000000000000
Answer:
Assuming that the rates of electricity and water in your area are near the national average, 12 cents per kilowatt-hour and $1.50/1k U.S. gallons, each shower will cost you 25 cents or 51 cents per day for the whole household, according to the shower cost calculator by Omni.
A U.S. corporation builds an amusement park in France. Its expenditures are U.S. a. foreign portfolio investment that increase U.S. net capital outflow. b. foreign portfolio investment that decrease U.S. net capital outflow. c. foreign direct investment that increase U.S. net capital outflow. d. foreign direct investment that decrease U.S. net capital outflow.
Answer:
C)Foreign direct investment that increase US net capital outflow
Explanation:
From the question we are informed about A U.S. corporation who builts an amusement park in France. In this case, Its expenditures are U.S. Foreign direct investment that increase US net capital outflow. An expenditure can be regarded as payment used in purchasing goods or services either with cash or credit. It is regarded as money been spent on something. A foreign direct investment (FDI) can be regarded as an investment which is been set up by a firm or individual in ones country having business interests which is been located in another country. foreign direct investment do occur when foreign business operations is been set up by an investor or the investor is a able to acquire business assets in particular
foreign company.
every state has a(n) that consists of people who are unable to obtain auto insurance due to the high risk they present. umbrella liability insurance coverage is auto insurance that pays for your injuries when the other driver is legally liable but unable to pay. personal injury protection (pip) coverage is auto insurance that protects you from damage to your car from causes other than collision or vehicle overturning. assigned risk pool is auto insurance in which drivers receive reimbursement for their expenses from their own insurer, regardless of who caused the accident. uninsured/underinsured motorist a(n) is any violation of the law committed by the driver of a vehicle while it is in motion. comprehensive serious traffic offenses that may incur fines as well as jail time are called . no-fault insurance coverage is auto insurance that protects your own car against damage from accidents or vehicle overturning. moving violation is auto insurance that pays for medical, hospital, and funeral costs of the insured and his or her family and passengers, regardless of fault. misdemeanors supplements basic auto and personal liability coverage by expanding limits and including additional risks. collision
State assigned risk pool is auto insurance in which drivers receive reimbursement for their expenses from their own insurer, regardless of who caused the accident.
Insurance is a contract between an individual or entity (known as the policyholder) and an insurance company. It is designed to provide financial protection and coverage against potential losses or risks. The policyholder pays a premium to the insurance company in exchange for the promise of compensation or reimbursement in the event of specified circumstances.
The assigned risk pool is a mechanism in place to provide auto insurance coverage to high-risk drivers who are unable to obtain insurance in the regular market. These drivers may have a history of accidents, violations, or other factors that make them undesirable to traditional insurance companies. As a result, they are assigned to a pool where their expenses are covered by their own insurer, regardless of who is at fault in an accident.
The assigned risk pool ensures that drivers who are considered high-risk can still have access to auto insurance coverage. It helps to protect these drivers financially in case of accidents, even if they are unable to obtain coverage from traditional insurance companies.
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This response covers various types of auto insurance and legal terms related to driving and insurance. It explains assigned risk pool, umbrella liability insurance, PIP, comprehensive insurance, uninsured/underinsured motorist coverage, moving violation, misdemeanors, and collision coverage.
Explanation:Every state maintains an assigned risk pool for those unable to obtain auto insurance due to the high risk they present. Umbrella liability insurance covers your injuries when the other driver is at fault but unable to pay. Personal Injury Protection (PIP) - This type of auto insurance pays for your medical, hospital, and funeral costs, as well as those of your family and passengers, regardless of fault.
Comprehensive insurance, on the other hand, protects you from damage to your car from causes other than collision or vehicle overturning. In case of an accident, no-fault insurance ensures that drivers receive reimbursement for their expenses from their own insurer, irrespective of who caused the accident. Uninsured/underinsured motorist coverage is a safety net for situations where the other driver is incapable of paying.
A moving violation is any infraction of the law committed by a driver while the vehicle is in motion, while serious offenses that may result in fines or jail time are termed misdemeanors. Lastly, collision coverage insures your car against damage from accidents or vehicle overturning and supplements general auto and personal liability coverage by expanding limits and including more risks.
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Onjanuary 1, you paid 360 for insurance coverage for your-company for the period 1/1 to 6/30. Prepare the entry to record the payment on janiary 1 and arly ad; ustment entry rueded on january 31 , a no entoy is required, seiect No Debit on No Creda in the account fields
The Insurance Expense account is debited, and the Prepaid Insurance account is credited for the amount of the adjustment, which in this case is $180.
Entry to record the payment on January 1:
No Debit
Insurance Expense (or Prepaid Insurance) - Credit: $360
Early adjustment entry on January 31:
Insurance Expense - Debit: $180
Prepaid Insurance - Credit: $180
On January 1, the payment of $360 is made for insurance coverage. Since this payment is made in advance, it is recorded as a credit to Insurance Expense (or Prepaid Insurance) account.
On January 31, an adjustment is needed to recognize the portion of insurance expense that has been used up (expired) during the month of January.
This adjustment reduces the Prepaid Insurance account (asset) and records the expense for the period. The Insurance Expense account is debited, and the Prepaid Insurance account is credited for the amount of the adjustment, which in this case is $180.
Please note that the specific account titles (Insurance Expense and Prepaid Insurance) may vary depending on the chart of accounts and accounting practices used by your company.
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One reason females face impediments to the leadership domain is ______.
A. Incongruity between the leadership role and the female gender role
B. Women are not in the workplace pipeline to a large enough volume
C. Women have been shown to be less effective leaders compared to men
D. Women are less committed to their jobs than men are
The correct answer is A. Incongruity between the leadership role and the female gender role.
One reason females face impediments to the leadership domain is the incongruity between the leadership role and the female gender role. This incongruity arises from societal expectations and stereotypes that associate leadership with masculine traits and behaviors, creating barriers for women in assuming leadership positions.
The disparity between the leadership role and the female gender role contributes to the challenges women face in attaining leadership positions. Society often associates leadership with traits such as assertiveness, decisiveness, and competitiveness, which are traditionally considered masculine. These stereotypes and biases can create a perception that women are not suited for leadership roles, leading to biases and discrimination against them in the workplace.
Furthermore, cultural and societal expectations of women's roles and responsibilities can conflict with the demands of leadership positions. Traditional gender roles often place a greater emphasis on nurturing, caretaking, and communal qualities, which can be at odds with the expectations of leadership that prioritize autonomy, authority, and assertiveness. This incongruity between the leadership role and the societal expectations of femininity can discourage women from pursuing or being perceived as capable of leadership positions.
These societal and cultural barriers contribute to the underrepresentation of women in leadership positions. It is essential to challenge these biases and stereotypes, promote gender equality, and create inclusive environments that recognize and value diverse leadership styles and contributions. By addressing these issues, organizations can create opportunities for women to thrive in leadership roles and contribute to the advancement and success of both individuals and the organizations they serve.
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as the interest rate falls to equilibrium in the market for money , a. the quantity of money demanded rises, which would reduce a shortage of money. b. the quantity of money demanded rises, which would reduce a surplus of money. c. the quantity of money demanded falls, which would reduce a surplus of money. d. the quantity of money demanded falls, which would reduce a shortage of money.
As the interest rate falls to equilibrium in the market for money, the quantity of money demanded falls, which would reduce a surplus of money. Option C
What is equilibrium in the market?Generally, A market is said to be in a condition of equilibrium when supply and demand are in a state of balance with each other, resulting in prices that are unchanging.
When there is an excess supply of an item or service, prices tend to fall, which in turn leads to increased demand.
On the other hand, when there is an inadequate supply or shortage, prices tend to rise, which in turn leads to decreased demand.
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Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM’s defined benefit plan. Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2019. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2016, 2017, and 2018. What is the maximum benefit Alicia can receive in 2019?
Answer:
$225,000
Explanation:
Alicia's total benefits = (2% x 32 years) x [($570,000 + $600,000 + $630,000) / 3] = 64% x $600,000 = $384,000
but Alicia will not be able to receive the full amount in 2019 since the IRS limits the maximum annual compensation received from a defined benefit plan to $225,000 (for 2019, it increased to $230,000 for 2020 and 2021). So Alicia would only receive $225,000 during 2019.
Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.6 percent until you retire in 35 years. You believe that interest rates will increase over the next year and you would be offered 5.2 percent per year one year from today. If you plan to deposit $14,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answer:
Difference= $10,895.32 in favor of option 2.
Explanation:
Giving the following information:
Option 1:
Annual interest rate of 4.6 percent until you retire in 35 years.
Initial investment= $14,000
Option 2:
Annual interest rate of 5.2 percent until you retire in 34 years.
Initial investment= $14,000
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
Option 1:
FV= 14,000*1.046^35= $67,567.37
Option 2:
FV= 14,000*1.052^34= $78,462.69
Difference= 78,462.69 - 67,567.37= $10,895.32 in favor of option 2.
Macroeconomics is the study of economics on a very small scale
when preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.
Answer: per unit; in total
Explanation:
Which best describes a mixture?
ООО
It has a single composition, and it has a set of characteristics that does not change.
It can have different compositions, but it has a set of characteristics that does not change.
It has a single composition, but it has a set of characteristics that does change.
It can have different compositions, and it has a set of characteristics that does change.
Answer: it can have different compositions, and it has a set of characteristics that does change.
Explanation:
A mixture is form when other substances are being mixed together. In such scenario, it has different composition and it characteristics are been altered.
Therefore, the option that best describes a mixture is option D "It can have different compositions, and it has a set of characteristics that does change"
Answer:
D.
Explanation:
Type the correct answer in the box. Spell all words correctly.
Which type of facility layout groups similar machines together so that they carry out specific functions?
In the case of a (blank) layout, similar machines are grouped together to carry out specific functions.
Answer:
A process layout groups similar activities together according to the functions they perform.
Explanation:
Answer:
process
Explanation:
Plato/Edmentum
Select the word or phrase that accurately completes each sentence.
Pressing the Backspace key will delete the text on the .
Pressing the Delete key will delete the text on the .
Answer:
Pressing the backspace key will delete the text on the leftPressing the delete key will delete the text on the rightExplanation:
Which of the following statement(s) is(are) true regarding the option Greeks? 1) Vega is non-negative for both call and put options II) Theta is positive for call options III) Rho is positive for call options I only I and II only I and III only All of above
The correct answer is I and III only.
1) Vega is non-negative for both call and put options - This statement is true. Vega measures the change in the option price with respect to a change in the implied volatility of the underlying asset. It is always non-negative for both call and put options as an increase in volatility generally increases the option price for both types.
2) Theta is positive for call options - This statement is false. Theta measures the change in the option price with respect to time. It is negative for both call and put options, as the option price decreases as it gets closer to the expiration date due to time decay.
3) Rho is positive for call options - This statement is true. Rho measures the change in the option price with respect to a change in the interest rate. It is positive for call options because an increase in interest rates typically increases the price of call options and decreases the price of put options.
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Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing building. It is a desk.
Answer:
A
Explanation:
If the average cost of producing ten sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.75, the average cost of producing 11 sweaters will be:
Answer:
7.15 dollars
Explanation:
Cost of one sweater=$6.50/10
=$0.65
Now,
Cost of 11 sweater = $0.65*11
=$7. 15
The average cost of producing 11 sweaters will be 7.15 dollars.
What is average cost?The cost per unit produced in a production run is called the average cost. It stands for the typical sum of money spent on a product's production. Depending on how many units are made, this amount may change.
Average cost, often known as unit cost, in economics is calculated by dividing the total cost (TC) by the quantity of a good produced (the output Q): Average cost strongly influences how businesses decide to price their goods.
Knowing the significance of average cost will also make it easier for you to comprehend how it functions over an extended length of time.
For instance, cost varies according to production effectiveness and seasonal demand. The cost per unit of output is normalized or leveled out when the average cost is calculated.
Cost of one sweater=$6.50/10 =$0.65
Now, Cost of 11 sweater = $0.65*11 =$7. 15
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PLEASE HELP ILL GIVE YOU BRAINLIEST in a market economy, what does a producer mean when it asks, "Is there a market for my products?"
a."is there is a place where we can sell our products?"
b."is our product being more cheaply made overseas?"
c."will consumers need and want to buy our products?"
d."will the government support demand for our products?"
Answer:
It is c
Explanation:
I recently had this question lol
Answer:
c
Explanation:
i had this question on a test