Shifting the demand curve

Reference no: EM1374064

Past month Jones Hat Corporation sold 100 hats at $10 each. This month it increased the value of hats to $11 and sold 101 hats. This result indicates
Question 4 answers

-that another factor, such as income, changed, shifting the demand curve for hats to the right.

-the demand curve for hats is upward sloping.

-the law of demand is violated.

-another factor, such as income, changed, shifting the demand curve to the left.

-the supply curve of hats shifted upward.

Reference no: EM1374064

Questions Cloud

How the entity funds the activity : How the entity funds the activity, how it pays for it, how it uses the funds. It could have dollar amounts, name of the entity and the news paper used. If it is probable, the Advocate or a news source from Louisiana will be preferable.

. explain how does facility layout impact your analysis : Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.

Explain what would be your overall major concern : Explain what would be your overall major concern? Explain how might this effect business? Explain what types of issues should a company anticipate due to spam?

Find what was young''s total share of net loss : Find what was Young's total share of net loss for the first year and evaluate what was Eaton's total share of net loss for the first year?

Shifting the demand curve : Past month Jones Hat Corporation sold 100 hats at $10 each. This month it increased the value of hats to $11 and sold 101 hats.

Explain operation management role in business today : Virtual organizations located on the student website. An organization with which you are familiar. Write a 700- to 1,050-word paper in which you explain operation management's role in business today. Comprise the following:

What position if any do you previously have in the prospect : What position if any do you previously have in the prospect's mind? What position do you need to own? What companies should be outgunned if you are to establish or maintain that position?

Decide the order quantities using fixed order interval model : Assuming the retailer's order interval is one week and lead time is same as 2 days. The average on-hand inventory is 5 items at the end of each week. Decide the order quantities using fixed order interval model.

Articles of partnership stipulated : Articles of Partnership stipulated that losses and profits be assigned in the subsequent manner and every partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.

User Account

All Pages