Business

Sage

19 May, 16:14

Drake has arranged his budget so that he has $30 to spend on comic books this month, and he is planning on buying three new ones for $10 each. However, when he gets to the store, he sees that the comic books he wants cost $15 each. According to the law of demand, what will Drake do? buy two of the comic books he wants decide to borrow the comic books from a friend ignore his budget and buy all three comic books leave without buying any comic books

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Drake has arranged his budget so that he has $30 to spend on comic books this month, and he is planning on buying three new ones for $10 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

A stock had annual returns of 16 percent, 8 percent, - 17 percent, and 21 percent for the past four years. Based on this information, what is the 95 percent probability range of returns for any one given year?

Answer the next question based on the following list of factors that are related to the aggregate demand curve.

When forces for both global standardization and local responsiveness in many countries are low, simply using an international division with the domestic structure is an appropriate way to handle international business. A. TrueB. False

Your aunt is thinking about opening a hardware store. She estimates that it would cost $400,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant.

A senior licensed professional engineer with 30 years of experience in geotechnical engineering is placed in charge of a multidisciplinary design team consisting of a structural group, a geotechnical group, and an environmental group.

New Questions in Business

If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False

You are considering buying a share of stock in XYZ Corporation. At the end of years 1, 2, and 3 the stock will pay you a dividend of $15. In addition, at the end of the third year you expect to sell the share of stock for $100.

Who is responsible for reporting identity fraud? Choose one answer. a. The victim of fraud b. The police c. Any of the three credit reporting agencies d. The company that accepted a stolen credit card or false information

Your company just received dresses from a new dress designer from China to be sold at your business. These simple dresses can be wrapped on an individual in many ways to create a simple dress, as a top blouse only, or as an "After 5" dressier piece.

Is a salary increase, usually permanent, given because of an individual's past performance?