Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you are selling 1,000 bags a month. If you lower the price by a nickel, what do you predict will happen to sales? They will go to zero They will not increase because it can sell as many units as it wants at$5 Will decline but not to zero Will increase since demand curves slope down
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you are a perfectly competitive cotton candy make are you are charging $5 per bag and you are selling 1,000 bags a month. If you ...” 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
How can unemployment porvety n human rights be a challenge to social responsibility?
Answers (1)
Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricardo is an Accident Investigator.
Answers (1)
A married couple living together own a small farm. They grow several crops, producing most of the food they consume and selling the excess for cash.
Answers (1)
What agency ensures no harmful ingredients used in making of toys
Answers (1)
The term commonly used in accounting to describe the format for recording a transaction is: general ledger journal entry trial balance chart of accounts
Answers (2)
New Questions in Business
Adam's bank account has a balance of $1213.69 before he starts spending money. He makes the following transactions: Transaction Cost ($) Car payment 260.16 Groceries 97.98 Parking ticket 75.00 DVD box set 115.35 Antique lamp 68.53 Suit 331.
Answers (2)
When is a goodwill impairment loss recognized? a. Annually on a systematic and rational basis. b. Never When both the fair value of a reporting unit and its associated implied goodwill fall below their respective carrying values. c.
Answers (1)
The back of a box of hinode harvest blend rice mix suggests cooking with chicken broth for added flavor. this is an example of
Answers (1)
Market failure occurs when Question 22 options: an unrestrained market economy leads to too few or too many resources going to a specific economic activity. one good is superior to another and drives it out of the market.
Answers (1)
Using accrual accounting, revenues are recorded a. when cash is received at the time services are performed or products have been delivered to customers b.
Answers (1)