You are an owner of a bakery, and you meet with other neighborhood bakery owners. Consider that fresh baked goods and processed baked goods are substitutes. In an attempt to increase sales, you collectively decide to lower prices of fresh baked goods by 10%. Which of the following are consequences of this price change?
a. The supply of fresh baked goods will decrease.
b. The quantity supplied of fresh baked goods will decrease.
c. Demand for processed baked goods will decrease.
d. The supply of fresh baked goods will increase.
e. The demand for fresh baked goods will not change.
f. The demand for fresh baked goods will increase.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are an owner of a bakery, and you meet with other neighborhood bakery owners. Consider that fresh baked goods and processed baked goods ...” 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
The Net Promoter Score measures: Group of answer choices the degree to which a viewer promotes the product. revisits to the product website. satisfaction. loyalty. the number of likes on a product page.
Answers (1)
Michigan Bank lends Detroit Furniture Company $110,000 on December 1. Detroit Furniture Company signs a $110,000, 9%, 4-month note. The total cash paid for interest (only) at maturity of the note is: (Round your final answer to the nearest dollar.)
Answers (1)
An advertising campaign: a. may contain a wide variety of themes and slogans. b. extends for a defined period of time. c. acts as a base for defining an advertising objective. d. starts with determining the appropriate media for the campaign.
Answers (1)
Two technicians are discussing front-wheel drive (FWD). Technician A says that the FWD pulls the weight, making it more suitable for lighter weight vehicles. Technician B says that it's much harder to push weight than to pull it. Who is right? A.
Answers (2)
It is now January. The current interest rate is 3.8%. The June futures price for gold is $1490.60, while the December futures price is $1,500.
Answers (1)
New Questions in Business
For much of the 1990s, the U. S. economy was experiencing long-run economic growth, low unemployment, and a stable inflation rate. Which of the following would give rise to these outcomes? Choose one: A.
Answers (1)
The Victoria Fund, a child welfare fund, received $50,000 in cash in 2018. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.
Answers (1)
The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Standard Hours Standard Rate Standard Cost Motor tune-up 1.50 $6.20 $9.
Answers (1)
Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system.
Answers (1)
Tara is responsible for the strategic planning retail planning process in her organization. She has identified the strategic opportunities. Which of the following steps is most likely Zara's next stage in the strategic retail planning process? A.
Answers (1)