3.
Since Sushi is a normal good, so with the increase in the income of the consumers, the purchasing power of the consumers increase and demand for normal good increases. Therefore the demand for the Sushi will increase and therefore the demand curve for sushi will shifts rightward from D to D1. Therefore the equilibrium price will decrease and equilibrium quantity will increase.
Hence it can be said that the price of sushi will decrease and the quantity sold will increase.
Hence option D is the correct answer.
4.
As it can be seen in the diagram that equilibrium price decreases from P to P1 and equilibrium quantity will increase from Q to Q1.
All this have been shown in the below diagram.
3. Suppose you are the vice president of operations for a gourmet grocery chain that sells...
Could someone take notes and explain for me from these pragraph with explantation. Thank you advance las inferior Goods Firms producing inferior goods do not benefit from a boom- ing economy. One such example is the pawnshop industry, which suffered during the economic prosperity of the late 1990s and 2000, as fewer people swapped jew- elry and other items for cash to cover car payments and other debts. Although pawnshops have always suffered from a somewhat disreputable image, the strong economy...
Questions 3 and 5 Frozen Coke and Burger King and the Richmond Rigging 12 Case 8.17 president of Coca-Cola's Foodservice and Hospitality Division, was looking on sells fountain-dispensed soda to restaurants, convenience marts fountain division, a division responsible for one-third of all of Coke's revenues , and Tom Moore, president of sales in the The fountain division fourn theaters. Sales were stagnant, and he knew from feedback from the salespeople that Pepsi ias moving aggressively in the area. In 1999,...
Subject: HRM Introduction and Instructions You have recently been hired as the Director of Human Resources for Wilson Brothers Canada and have HR responsibility for all of the company’s Canadian operations. Bob and John Wilson have asked you to prepare a report for their review focusing specifically on organizational behavior within the company. Review the Wilson Brothers Case Scenario in depth and address the required topic listed below in your analysis report. Marks are allocated for thoroughness of coverage of...
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