Business, 08.12.2019 04:31 norahramahi123

Consider the effect on the consumer as you read these two scenarios, and then answer the question that follows.

scenario 1
derek goes to the corner grocery store to pick up carrots for a salad. he notices that this store has nearly doubled its price for carrots. not willing to pay that much, he gets into his car and drives to the grocery store farther away. he finds the exact same type of carrots there at the price he was expecting. happy, he buys them and returns home.

scenario 2
melissa plans to buy a new computer. she’s seen commercials for a new model that has many innovative features that will be to her in college. she’s excited to buy this computer, but she thinks the price is high. she goes to many stores and searches online to find another computer for a cheaper price without success. realizing that the computer is the only one with all the features she wants, she purchases it.

what is the relationship between competition and consumer action in these situations?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:20, christopherschool04

On october 2, 2016 starbucks corporation reported, on its form 10-k, the following (in millions): total assets $14,329.5 total stockholders' equity 5,890.7 total current liabilities 4,546.9 what did starbucks report as total liabilities on october 2, 2016? select one: a. $12,516.7 million b. $6,377.3 million c. $995.0 million d. $8,438.8 million e. none of the above

Answers: 2

continue

Business, 22.06.2019 15:20, iselloutt4fun

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?

Answers: 2

continue

Business, 23.06.2019 01:30, itzhari101

What happens when the government finances a job creation project through taxes and borrowing?

Answers: 3

continue

Business, 23.06.2019 20:30, artursino

Suppose that the government establishes a price ceiling of $3.70 for wheat. a. why might the government establish this price ceiling?

Answers: 1

continue

You know the right answer?

Consider the effect on the consumer as you read these two scenarios, and then answer the question th...