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
Select the most likely consequence of making credit card payments late. Fees and paying the introductory interest rate on the balance Paying higher interest rates Fees and paying the default interest rate on the balance None of these answers are
Answers (1)
We would not expect a Japanese financial asset and a U. S. financial asset with identical risk, liquidity, and information characteristics to have different expected returns because A.
Answers (2)
On January 1, Year 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issue at face value. The bonds have a stated interest rate of 8% and pay interest once per year on December 31.
Answers (1)
Which is a factor used in assessing a nation's wealth with the human development index?
Answers (1)
Can heart rate variability measurements be used to measure the quality of sleep
Answers (1)
New Questions in Business
Which of the following is NOT a disadvantage of vertical integration? a) Increased business riskb) Decreased product qualityc) Capacity matching problemsd) Slowness to embrace technological advancese) Less flexibility in accommodating shifting buyer
Answers (1)
Opportunity cost occurs because of a producer's need to limit resources. protect resources. O allocate resources. spend resources
Answers (1)
Describe the competitive landscape and explain how globalization and technological changes shape it.
Answers (1)
How many combinations of 6 different 10th grade subjects can tyler choose from the 9 subjects offered?
Answers (1)
The mean life of a pair of shoes is 40 months with a standard deviation of 8 months. if the life of the shoes is normally distributed, how many pairs of shoes out of one million will need replacement before 36 months?
Answers (1)