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Explain in words and using a graph why the ban on price gouging may cause a long line for gasoline. Label the axis and all the lines. Be precise.
Price gouging in this context, refers to the rise in price of an essential good during /after a disaster. The cause is the fall in supply. the S curve shifts up to allow price to rise to P1, compared to P* earlier in normal times.
With a ban on gouging, price will be back to P*. Now at this level, demand > supply. this leads to a shortage, and long lines as the no of people who demand the good > the supply of the good at P*.
Above the line and below the line communication What has happened hence is that the promotional mix has developed such that original emphasis on heavyweight mass communication
If 3a-2b=8 and a+3b=7, what is the value of 4a+b?
What is marketing audit in MIVE? Marketing audit: The marketing audit is, within some respects, where the raw material for the strategic control. Its function is to perio
Question 1: Discuss the differences and similarities between consumer buying behaviour and industrial buying behaviour. Question 2: For any organization of your choice,
¨ Enclosed you will find our estimate of Well Water's most recent income statement and its current balance sheet. Please note that the asset values are estimated market value
Discuss about the importance of marketing communications The media world has splintered into many different parts so have the audiences with whom organisations need to communic
You have been tasked by a Salesforce Training firm to produce an article for their newsletter. The article is to be written as part of a special issue for trainee sales people. The
what is marketing management?
own example of participants in the business buying process
10% of inhabitants of a town are known to be suffering from a disease. find the probability that in a random sample of 12 people from the town a. none will suffer from the disease
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