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
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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A possible externality associated with the process of accumulating new capital is that: A. a reduction in labor productivity may occur. B. new production processes may be devised. C. old capital may be made more productive. D.
Answers (1)
The policy by which stronger nations extend their economic, political, or military control over weaker nations is called
Answers (1)
Franktown meats just announced that they are increasing the annual dividend to $1.75 and establishing a policy whereby the dividend will increase by 2 percent annually thereafter.
Answers (1)
The measure of how quickly an investment can be converted into cash is known as
Answers (1)
Which of the following forecasting techniques develops forecasts based on the belief that organization members closest to the marketplace offer the best insights concerning short-term future sales? a. Survey of buyer intentions b. Delphi technique c.
Answers (1)
New Questions in Business
European interest in the Middle East intensified after oil was discovered in the region. a. True b. False
Answers (1)
What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)
The following information was taken from the financial statements of Hofburg Corp. for the year just ended: Accounts receivable, January 1 $ 21,600 Accounts receivable, December 31 30,400 Sales on account and cash sales 438,000 Uncollectible
Answers (1)
China has a collectivist culture. how do you believe that this will affect managers in a starbucks store?
Answers (1)