You are an owner of a restaurant, and you meet with other neighborhood restaurant owners. Consider that restaurant meals and meals at home are substitutes. In an attempt to increase sales, you collectively decide to lower prices of restaurant meals by 10%. Which of the following are consequences of this price change?
a. The demand for restaurant meals will increase.
b. The supply of restaurant meals will increase.
c. The supply of restaurant meals will decrease.
d. The demand for restaurant meals will not change.
e. The quantity supplied of restaurant meals will decrease.
f. Demand for meals at home will decrease.
Answers: 3
Another question on Business
Business, 21.06.2019 15:30
Which of the following statements accurately describes how costs and benefits are calculated?
Answers: 3
Business, 21.06.2019 20:20
On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:
Answers: 3
Business, 22.06.2019 00:50
Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)
Answers: 2
Business, 22.06.2019 20:00
On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?
Answers: 1
You know the right answer?
You are an owner of a restaurant, and you meet with other neighborhood restaurant owners. Consider t...
Questions
Social Studies, 18.02.2022 22:10
English, 18.02.2022 22:10
Mathematics, 18.02.2022 22:10
Mathematics, 18.02.2022 22:10
Computers and Technology, 18.02.2022 22:10
Health, 18.02.2022 22:10
Mathematics, 18.02.2022 22:10
Mathematics, 18.02.2022 22:10
Physics, 18.02.2022 22:10
