Steve sells lemonade at the corner of a busy street. He charges $1.50 for a cup and easily sells 200 cups a day. However, one afternoon another lemonade stand appears across the street, advertising lemonade for $1.00 a cup. Steve starts losing customers. In order to encourage customers to return, he changes the price of his lemonade to $.95. What law of supply and demand applies to Steve’s business? a. Price increased because supply decreased b. Price decreased because demand decreased c. Price increased because demand decreased d. Price decreased because supply inscreased
Answers: 1
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Which of the following did the west specifically want? high tariffs easy bank credit cheap public land internal improvements at national expense greater access to voter registration slavery choose multiple
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What happened during the victorian age? a. all social classes lived near each other b. the middle class became much larger c. city populations began to decrease d. families continued to go to work together
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In a story containing the following points, which would likely occur last?
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Steve sells lemonade at the corner of a busy street. He charges $1.50 for a cup and easily sells 200...
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