How does Michael Porter define a substitute product? What are substitutes for Cash App's products and services?

Q: O complements

A: As we know that if a price of one product increase, and decrease in demand for other product in this…

Q: 3-4. What is the difference between a consumer’s disposable and discretionary income?

A: Disposable Income : The disposable income is the measure of cash you have left over after you've…

Q: Time Income (Y) Quantity (Q) 2017 1500 35 2018 2000 25 Calculate income elasticity?

A: Income elasticity is defined as the proportionate change in quantity consumption for proportionate…

Q: Substitutes, complements, or unrelated? u work for a marketing firm that has just landed a contract…

A: Given, When the price of splishy splashies Increases by 4%, the quantity of Frizzles increases by 5%…

Q: Draw the price effect and the quantity effect fora price change from $60 to $70. Which effect…

A: Meaning of Price Elasticity of Demand and Price Elasticity of Supply: The extent of the change of…

Q: Q5. The cross price elasticity of demand for Air-conditioning units & kilowatts of electricity is(-)…

A: ed(elasticity of demand) is the ratio of the change in Qd(quantity demanded) and change in P(price).…

Q: Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf.  Your chief economist tells…

A: We are going to use relationship between Optimal pricing and price elasticity of demand to answer…

Q: Explain how a store can sell more elastic goods

A: Elastic demand is when the change in quantity demand will be greater than the change in price.

Q: Why do suppliers want to create more inelastic demand relationships products that they sell? a. in…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: How does the price elasticity of demand for a product affect the revenue?

A: Price elasticity of demand tells us how changes in the price of a particular product affect quantity…

Q: If you wanted to increase demand for your restaurant butare unable to lower prices or increase…

A: The restaurant owner wants to increase the demand for his restaurant, but unable to lower the prices…

Q: Q = 5000 – 5P Find out i)                   Demand curve

A: In the demand function, Price (P) is expressed in terms of Quantity (Q).

Q: Which is more elastic sugar or salt? Reason

A: Answer- Need to find- Which is more elastic sugar or salt? Reason   Necessary goods:- Necessary…

Q: Q .Draw graphs to illustrate difference between a decrease in the quantity demanded and decrease in…

A: A decrease in the quantity demanded implies a rise in the price which leads to a movement along the…

Q: What is elasticity and why is it important

A: In economics, elasticity is a measurement that is widely used to make economic analysis.

Q: What is consumerism?

A: For explaining consumerism ,we can define as : A consumer uses the goods and services produced in…

Q: Explain the term  Shift in consumer preferences

A: The shift in consumer preferences can be defined as a change in the preference for the goods…

Q: Documentl - Word Table Tools References Mailings Review View Design Layout O Tell me what you want…

A: 1.Sunglasses in a kiosk in the mall,in july,buy one get one free. Time utility Such type of discount…

Q: demand is more than just the desire to buy something. What else does it require?

A: Three conditions on the part of the consumer for demand are: a). Desire, b). Capacity to purchase…

Q: Give an example of an Inelastic product, what makes it inelastic? What can make it become elastic?

A: Elasticity is a term used in business to describe the extent to which a change in a product's…

Q: What is the quantity of ads that Facebook sells?

A: In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no…

Q: You were promoted as the manager of a new Clean-Well Sanitary Store that sells cleaning and…

A: The cross-price elasticity of demand measures the proportionate change in the quantity demanded of…

Q: What is a extrapolation

A: In economics there are several economic activities and events that cater to the different analyses…

Q: Please answer in paragraphs. Rate will be given! Give an example of an Elastic product, what makes…

A: Elasticity is an important concept used in business to determine the extend to which the quantity…

Q: Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells…

A: Elasticity is an economic indicator of how resilient one is to another as an economic factor.

Q: What is consumer srplus

A: Consumer surplus is the difference between a consumer's willingness price and the price he/she…

Q: Hee Fange B -0.9. You predict that the quantity of subscriptions demanded will (increase/decreas…

A: Elasticity of demand depicts how much consumer responds with thr change in the price level.

Q: What is the right amount of variety? Can there be too many varieties of shoes?

A: The monopolistic competitive markets sell differentiated good and this concept of the differentiated…

Q: Explain: “The success of a new product depends not only on its marginal utility but also on its…

A: The consumption of a new product gives higher level of marginal utility per unit. On the other hand,…

Q: *A detailed breakdown would be greatly appreciated. My solutions are no where even close. Thank…

A: Income elasticity=dQdY×Y1Q1 where, dQdY is change in demand caused by change in income, Y1 is…

Q: Difference between income elasticity and cross elasticity of Demand ?

A: In Microeconomics, the notion of elasticity is used to measure the variability registered in…

Q: Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells…

A: Price elasticity of demand is the change in the quantity demanded at a particular amount of good, in…

Q: ↑ Pepsi V W Y Pizza

A: budget constraint represents all the combinations of goods and services that a consumer can purchase…

Q: image attached

A: Cross demand- It is one of the significant forms of demand in which a commodity's demand depends not…

Q: You were promoted as the manager of a new clean well sanitary store taht sells cleaning and…

A: Cross price elasticity = Percentage change in quantity demanded of sanitary goods / Percentage…

Q: Can you explain the difference between an elastic and inelastic product?

A: To differ between the two product types in question, the understanding of the concept of elasticity…

Q: What types of things might impact price elasticity?

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in…

Q: how rise in price affect the demand for personal computer

A: Demand: It means desire, willingness, and ability to purchase a good or service.

Q: What are some other examples of elasticity that can be affected by time?

A: Elasticity could be a general measure of the responsiveness of an economic variable in response to a…

Q: What strategies can you use to prevent over-service? O Serve one drink at a time. O Wait for the…

A: Over-servicing is not the same as "going above and beyond." It's conducting work that isn't within…

Q: Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf.  Your chief economist tells…

A: Formula;  P = MC / (1 + 1/ed)

Q: Does better pricing of the product help to increase purchase intention of product. plz explain in…

A: In a particular democratic government generally, it has been seen that there is both public and…

Q: he table shows the demand and supply schedules for alculators.

A: Equilibrium is point where Demand is equal to supply in the market. Equilibrium price = 8 $ where…

Q: What is the price elasticity of supply for phones? Give your answer to two decimals.

A: % change in Price = 20%% change in Quantity supply=Q2 - Q1(Q2 + Q1)/2×100…

Q: Imagine you are a bank manager. Currently, your bank holds $3 million in deposits at a 3% interest…

A: Mid point method for elasticity is given by, Elasticity = (D2-D1)(D2+D1)/2(R2-R1)(R2+R1)/2 Where,…

Q: What if the product is price inelastic, how will this affect your decision in setting price?

A: Elasticity of demand depicts how much consumer responds with the change in price level.

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.