When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model would be lower than the average retail price was for the equivalent 2009 model. Which of the following would explain the price differential? A) The demand for the Prius had increased, and the supply of the Prius had decreased. B) The supply of the Prius had decreased, and the demand for the Prius remained unchanged. C) The demand for the Prius had decreased, and the supply of the Prius had increased D) The demand for the Prius had increased, and the supply of the Prius remained unchanged.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model would be lower than the average retail ...” 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
You are directed to study the actors close to the company that affect its ability to serve its customers-departments within the company, suppliers, marketing intermediaries, customer markets, competitors, and publics.
Answers (1)
Which account would you use to pay bills and buy goods? A. Savings account B. Checking account C. Non-deposit account
Answers (1)
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in California.
Answers (1)
General Products Company bought Special Products Division in 2014 and appropriately recorded $750,000 of goodwill related to the purchase.
Answers (1)
A researcher examines the effectiveness of different body lotions by having 12 participants apply four different lotions to the same, unique body locations daily for two weeks.
Answers (1)
New Questions in Business
Shot-term financial goals include saving for
Answers (1)
The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Co's net income for 2022 was $137,700. Depreciation expense was $24,300.
Answers (1)
Vincent Corporation has 92,000 share of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30.
Answers (1)
In the circular flow model of the market system, households' major role is to Multiple Choice buy both products and resources. sell both products and resources. buy products and sell resources. sell products and buy resources.
Answers (1)
Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively.
Answers (1)