Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is the same. What is going to happen to the price of that gear according to the Law of Supply and Demand?
A) Price is going to go up
B) Price is going to go down
C) Price is going to stay the same
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Nike hires more employees and is able to produce more product. After a year or so, the demand for that gear has dropped but the supply is ...” 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
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries
Answers (1)
Marginal utility is the: A. sensitivity of consumer purchases of a good to changes in the price of that good. B. change in total utility obtained by consuming one more unit of a good.
Answers (1)
Conduct online research to discover how to start and maintain a good credit rating throughout your life. Write a 500-word report describing your plan to become a responsible, low-risk borrower with an excellent credit score.
Answers (1)
Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized discount of $11,000, they were called in at 105.
Answers (1)
Rahael's Bakery is a small organization which specializes is cakes, cookies, and other treats for special events such as birthdays, weddings, and religious affairs.
Answers (2)
New Questions in Business
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)