You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash and washing your car at home are substitutes. In an attempt to increase sales, you collectively decide to lower prices of trips through the car wash by 10%. Which of the following are consequences of this price change? Choose one or more: A. The supply of trips through the car wash will decrease. B. The demand for trips through the car wash will not change. C. The supply of trips through the car wash will increase. D. The demand for trips through the car wash will increase. E. The quantity supplied of trips through the car wash will decrease. F. Demand for washing your car at home will decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash and washing ...” 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
Blowing Sand Company also has the Blast fan model. It is the company's top-selling model with sales of 30,000 units per year.
Answers (1)
Which best demonstrates how successful Google has been at establishing a well-known brand? Question 25 options: Google is used by people around the world. The word google has been added to dictionaries.
Answers (2)
If the circular flow model shows that if the government hands out a tax cut, what should happen with the money? A. the money will cycle through households and businesses on a continuing basis B. the money will only be used for imports C.
Answers (1)
There are a number of different types of listing contracts that can be used when marketing a property.
Answers (1)
Assume you are representing management (like katherine in this scenario). what exactly would you do in this situation? indicate a specific example for each of the key negotiator behaviors.
Answers (1)
New Questions in Business
List the pros and cons of a savings account.
Answers (1)
Focused strategies keyed either to low cost or differentiation are especially appropriate for situations where: a. The market is composed of distinctly different buyer groups who have different needs or use the product in different ways. b.
Answers (1)
Good credit equals power. which statement best illustrates that power
Answers (1)
Which situation is the most likely result of a price ceiling being set below the equilibrium price? a. decreased demand b. a surplus in the market c. a shortage in the market d. a higher equilibrium price?
Answers (1)
The amount of interest (i) karl will earn on the amount of principal (p) he has in his bank account is found by using the formula i = prt, with r representing the rate of interest and t the time the money will be in the account.
Answers (1)