Business, 11.04.2020 04:24 VgCarlos2596
You are an owner of a book store, and you meet with other neighborhood book store owners. Consider that books and library books are substitutes. In an attempt to increase sales, you collectively decide to lower prices by 10%. Which of the following are consequences of this price change?A. The supply of books will decrease. B. The quantity supplied of books will decrease. C. The supply of books will increase. D. The demand for books will increase. E. Demand for library books will decrease. F. The demand for books will not change.
Answers: 2
Business, 22.06.2019 23:20, hernandezeileen20
Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?
Answers: 3
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