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What, if anything, is likely to happen to the number of pairs of running shoes sold as the price charged for them is reduced from $5,000 to $65?

Answers

Answer 1

Answer:

The number of pairs of running shoes would decrease becase of the huge price drop which would increase more customers to buy the shoes.

Answer 2

As the price of running shoes decreases from $5,000 to $65, it is likely that the number of pairs sold will increase. This is due to the inverse relationship between price and demand in economics known as the law of demand.

At higher prices, the demand for running shoes is likely to be lower as consumers may not be willing or able to pay such high prices.

As the price decreases, however, more consumers will be able to afford the shoes and may decide to purchase them, leading to an increase in demand.

Additionally, lower prices may attract new customers who may have previously been deterred by the high prices. This increase in demand may be further amplified if the price reduction is accompanied by effective marketing campaigns or sales promotions.

However, it is important to note that there may be a limit to how much the demand can increase due to factors such as market saturation, competition, and the availability of substitutes. Therefore, the extent of the increase in the number of pairs of running shoes sold will depend on various factors and may not be proportional to the decrease in price.

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Related Questions

who is office cheif ? write any four function of office cheif​ ( subject : account)

Answers

Answer:

Office Chief is someone who is responsible for the implementation of office work. The position of an office chief is very important, because the office chief is a member of the leadership, and he is the last link in the chain of command from the highest leadership.

The 4 functions of Office Chief, include:

Preparing long term and short terms plans and policies of the organization. Dividing the work among the workers in the organization. Directing and coordinating the activities of the different staff and departments. Adopting good remuneration system for motivating workers.

Answer:

Cheif Keef

Explanation:

5),[5] better known by his stage name Chief Keef, is an American rapper. Cozart's music first became popular during his teen years in the early 2010s among high school students from Chicago's South Side.[6] In 2012, his popular local single "I Don't Like" was remixed by American rapper Kanye West and reached the Billboard Rap Top 20, further raising Cozart's profile.[6] A bidding war between major labels resulted in Keef signing with Interscope. His debut album Finally Rich was released in December 2012, and featured the singles "I Don't Like" and "Love Sosa", which would popularize the Chicago rap subgenre drill.[7]

Chief Keef has faced ongoing legal issues during his career, including weapons possession charges, house arrest sentences, and a performance ban imposed by Chicago authorities.[8] Though he was dropped from Interscope in late 2014 and later signed to 1017 Records, he continued self-releasing projects through his own Glo Gang label. These included: Nobody (2014), Back from the Dead 2 (2014), Bang 3 (2015), and Th0t Breaker (2017).

By the late 2010s, critics have pointed to Chief Keef as a major influence on contemporary hip hop through his innovation with the drill subgenre and the impact of his music on other artists.[9][7][10]

governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.

Answers

Answer:

Developing

Explanation:

Discuss the project planning steps ?

Answers

Answer:

the project planning steps are ;

first getting informed about the specific topics .

second blow your creativeness and write in shot about that in the way of making a powerful presentation which looks attractive and easy to memorise the information.

Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.

Answers

Answer:

if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent

Answer:

Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.

How can public health decrease the economic impact on health care?

Answers

Answer:

First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. Another bridge between health and the economy is education.

Explanation:

EXPLAIN HOW HONOURING A LABOUR IS HONOUR ONE'S SELF​

Answers

Answer:

Because the labour is a source of my daily food which potentially is a basic need in life

the money represents the

Answers

Answer:

maximum

Explanation:

A one dollar increase in the monetary base causes the money supply to increase by more than one dollar. This increase in the money supply is the money multiplier.

The money multiplier represents the maximum extent to which the money supply is affected by any change in the amount of deposits

a.
Over the period of a year, Julie's net worth decreased. Which of the following could be true?
Julie's assets and liabilities decreased by the same amount.
b. Julie's assets and liabilities increased by the same amount.
c. Julie's assets increased by more than her liabilities.
d. Julie's assets decreased by more than her liabilities.
Please select the best answer from the choices provided
A
ΟΟΟ
B.
С

Answers

The situation that could be true about the reduction in Julie's net worth would be:

d). Julie's assets decreased by more than her liabilities.

'Net Worth' is characterized as 'the value of all the assets one possesses after subtracting all his/her debts or liabilities.'In the given circumstance, the decrease in Julie's net worth would denote that the sum total of her liabilities for that financial year exceeded her total assets. The other possibility could be that the decrease faced in her liabilities is higher than the decrease in her assets leading her net worth to be negative.

Hence, option d is the correct answer.

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Project Quality Management includes the processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to:

Answers

Answer:

Project Quality Management includes processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders' objectives. It supports the continuous improvement activities undertaken on behalf of the performing organization.

Explanation:

Project Quality Management includes processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders' objectives. It supports the continuous improvement activities undertaken on behalf of the performing organization.

Project Quality Management includes the processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders objectives.

What do you mean by Planning?

Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning. The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.

The three main steps in project quality management are as follows. These include quality assurance, planning, and control. Setting up a project's clear aim or goals is the main emphasis of planning. Assurance shows stakeholders that a project is operating as it should by using tests, metrics, and checklists.

Therefore, Product quality requirements in order to meet stakeholders objectives.

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Select from the following the four steps of the market segmentation process. Multiple select question. Identify product-related need sets evaluate the success of the chosen segment group customers with similar need sets identify competitors' segments select a segment to serve describe each group

Answers

Answer:

identifying product related need sets

Grouping customers with similar need sets

Describing each group

Selecting an attractive segment to serve

Explanation:

True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.

Answers

Answer:

ture

Explanation:

technology is here to solve your problems

Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.

What is technology?

Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.

The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.

Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.

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Select all that apply Select the components of a market analysis. (Select all that apply) Multiple select question. The economic, physical, and technological environment The organization's own capabilities An understanding of injurious consumption The capabilities of current and future competitors The consumption process of potential customers

Answers

The components of market analysis include:

Three types of environment - economic, physical & technological.The organization has its own capabilities.Present & future competitor's analysis.Customers' consumption process.

The following information related to the market analysis is:

It is a quantitative & qualitative market evaluation.The market size in volume & in amount.Purchasing patterns & segments of the customers.Competition or rivalry.Barries with respect to the entry & regulation of the economic environment.

Therefore we can conclude the above components of the market analysis should be considered.

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Name the different university programme available in nepal and describe any two of them.​

Answers

Explanation:

A-level

International bachelor's degree

National Science colleges

Medical colleges

Engineering colleges

Management colleges

Hotel Management college

-Describe any 2 of them?

****International bachelor's degree

1.) Is a undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years.

****Hotel Management college

2.) In the context of Nepal, if you want to pursue your career in hotel management. an undergraduate course having a duration of 4 years with 8 semesters with a minimum fee structure.

The three-year or longer marketing plan that's more general and less detailed than a tactical plan is called _____.

strategic marketing tactic
strategic marketing plan
marketing plan
executive summary

Answers

Strategic Marketing Plan


Which two of the following must be completed when the pharmacy is
notified of a Lock-in patient?

Allow the patient to fill if they pay cash.

Advise Store Management.

Add a forced note into the patient's profile.

Review the patient information with all Pharmacy Team Members

Answers

When a pharmacy is notified of a Lock-in patient, the things that should be done include:

Add a forced note into the patient's profile.Review the patient information with all Pharmacy Team Members

Lock-in programs, is also referred to as the drug management programs, and the main idea behind it is to reduce the doctor shopping.

Doctor shopping here means the practice whereby people go to different doctors in order to get different prescriptions for opioids or every other substances that are misused.

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The three parts of an income statement heading are _____.


who

when

where

what

motivation of 50. also last year trying to get rid of them. Have a good day :D

Answers

Answer:

Who,When,What

Explanation:

Calculate the after-tax cost of debt for the Wallace Clinic, a for- profit healthcare provider, assuming that the coupon rate set on its debt is 11 percent and its tax rate is a. 0 percent. b. 20 percent. c. 40 percent.

Answers

Answer:25 percent

Explanation:

Here are the after-tax costs of debt for the Wallace Clinic for each tax rate:

a. 0% tax rate

The after-tax cost of debt is simply the coupon rate since there is no tax deduction for interest payments.

After-tax cost of debt = 11%

b. 20% tax rate

The after-tax cost of debt is calculated by multiplying the coupon rate by 1 minus the tax rate.

After-tax cost of debt = 11% × (1 - 20%) = 0.88%

c. 40% tax rate

The after-tax cost of debt is calculated by multiplying the coupon rate by 1 minus the tax rate.

After-tax cost of debt = 11% × (1 - 40%) = 0.66%

Here is the formula for calculating the after-tax cost of debt:

After-tax cost of debt = coupon rate ×(1 - tax rate)

The after-tax cost of debt for the Wallace Clinic will vary depending on the tax rate. If the tax rate is 0%, then the after-tax cost of debt is simply the coupon rate. If the tax rate is 20%.

Then the after-tax cost of debt is 0.88%. If the tax rate is 40%, then the after-tax cost of debt is 0.66%.

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Typical structure characteristics of interest to Industrial Organization researchers include a.​Barriers to entry b.​Product differentiation among firms c.​The number and size distribution of firms d.​All of the above

Answers

In the IO perspective it is important to enter an industry with

a) low supplier power

b) low threat from substitutes

c) low levels of rivalry between firms

d) all of the above

Typical structure characteristics of interest to industrial organization include

a) barriers of entry

b) product differentiation among firms

c) the number and size distribution of firms

d) all the above

firms have a competitive advantage when

a) they can deliver the same product beenfits as their competitors but at a lower cost

b)they can deliver superior product at a similar cost

c) both of the above

d)none of the above

resource to be able to generate sustained competitive advantage over rivals, it must be

a) valuable b) rare c) difficult to imitate or subsititue away from d) all of the above

What is a public good?

A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment

B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment

C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment

D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.

Answers

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without  payment

If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.​

Answers

Answer:

A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.

Explanation:

:-). ✓✓✓✓✓✓✓√√√√√√√√√√√

Dwight was appointed a principal for Seacoast Securities in June of 1996. He continued in the position until 2012, when he left to start his own firm. How long did Seacoast need to maintain the record of his principal designation

Answers

Answer:

16 years

Explanation:

2012-1996=16 years

When a salesperson is discharged for a violation of any of the provisions of the Real Estate Law, the employing broker must immediately file a __________ with the Commissioner.

Answers

Certified written statements of the facts.

what are job responsibitiltes

Answers

Explanation:

we have to do all the work of our employees and we have to respect our employees and our seniors and to do lot of work mark brainleast please plz plz please please please please please please please please please please please please please please please please please please please

Jose's Pizza Parlor, Inc., acquired the Eastern Pizza Cheese Corporation (EPCC). EPCC is a wholesale distributor of the cheese used in the making of pizza pies. The acquisition created a:
(A) Monopoly.
(B) Vertical merger.
(C) Conglomerate merger.
(D) Horizontal merger.

Answers

The answer is (D) Horizontal merge

1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?

Answers

solution :

sum of dollar =200+220+280+300+310+320+330+

350+390

Now,

average =total sum of all dollar

total sum of worker

=2370

9

=263.333#

Identify which of the following formulas correctly defines how to calculate the debt ratio. Multiple choice question. Total assets/Net income Total liabilities/Total equity Total liabilities/Total assets Total assets/Total liabilities

Answers

Answer:

Total liabilities/total assets

Explanation:

Debt ratio can be calculated by using the formula Total liabilities/total assets.

Debt ratio refers to the ratio of the debt and assets of a person or company. This is also known as the total debt to the total assets ratio.

This ratio can also be known or referred to as the financial ratio measuring the extent of a company's leverage. This accounting aspect of a company is used to calculate how much of the company's assets are financed through debts.This means that the amount or portion of a business's assets that are financed by debts is the debt ratio of that company.To calculate the total debt ratio, the total liabilities should be divided by the total assets. The resulted amount is the debt ratio of that company.

A debt ratio enables a company to specify and identify how much percentage of the company's assets are liable for leverage. This allows the company to know how to manage the business or work through their debt accordingly. Thus, the correct formula to calculate the debt ratio is total liabilities/ total assets.

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Which of the following are incorporated in GAAP?
A. Requirements, policies, and ideals
B. Laws, regulations, and policies
C. Concepts, constraints, and principles
D. Mandates, laws, and ethics

Answers

C. Concepts, constraints, and principles

which of the following assets is the most liquid

Answers

Answer:

A. A $20 bill

because cash is the most liquid asset

Reference:

https://africa.businessinsider.com/markets/what-are-liquid-assets-a-guide-to-the-investments-that-are-easiest-to-cash-in-and-why/k6073h1

From the provided options, the most liquid asset is the bill stating $20.

Option A is correct.

What is an asset?

An asset is the monetary resource of a company which is acquired in order to get benefits in the future years.

The bill of $20 is considered to be the current asset as it can be converted into cash in short span of time in comparison to the checking account. The current assets are most liquid assets of the balance sheet.

Therefore, the asset given in option A is correct.

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In addition to (1) the commonly accepted name and (2) any special warnings, what is the third piece of essential information needed on the label of all stock solutions

Answers

In addition to (1) the commonly accepted name and (2) any special warnings, the third piece of essential information needed on the label of all stock solutions is the date and the name of the person who made it.

What are the uses of the stock solutions?

Stock solutions are used to speed up the preparation process, conserve resources, free up storage space, and increase the precision with which working different concentration solutions are made.

It is important to mention essential information on the label of stock solutions to avoid any hazardous event and to ensure the safety of the user.

Therefore, the date and the name of the person are included on the label.

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penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as

Answers

Answer:

I think this is Insider trading

Explanation:

insider trading is an illegal practice where someone uses their own advantage of having access to confiditional information to practice stock trading on the stock exchange

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