According to the Italian economist Pareto, if I have 200 suppliers, how many suppliers can I expect will represent the majority of my spend?

Q: supermarket chains market can be given as an example of what kind of markets, and why?

A: Supermarket chains are chains of similar kinds of products sellers like D-mart, I-mart ,Best price ,…

Q: Does a change in technology lead to a shift in the demand curve? Why, or why not? Your answer cannot…

A: Actually in the given question the change in technology or the technological progress always allows…

Q: How is Consumer demand for products quite different from demand in the business market?

A: Demand:-  Demand is an economic theory that refers to a person's inclination to buy a product or…

Q: If the price of X decreases and this decreases the demand for Y, then

A: If the quantity demanded of a commodity decrease due to change in the price of another commodity is…

Q: Is the market for computer chips concentrated (i.e, dominated by relatively few producers)? How can…

A: When smaller firms account for a large percentage of the total market, market concentration is used.…

Q: Describe how a shift of the demand or supply curve can affect equilibrium

A: The demand for a quantity (Qd) relies upon the quantity's price and also on multiple other factors…

Q: A company that makes sweatshirts is willing to supply 156 sweatshirts each month if the price is $24…

A: We know that supply function is a function of price.  Given: Supply = 156 when price = 24…

Q: TRUE OR FALSE? The scarcity of raw materials will result in the shift of the supply curve upward to…

A: The amount of the product that producers deliver to the market at varied prices throughout a…

Q: When prices rise, why are suppliers/firms willing to increase output? When prices rise, why are…

A: To understand the relationship between quantity supplied and price level, one need to know about the…

Q: How will the market for melons be affected after Hurricane Dean?

A: Supply Shock: The term supply shock exhibits a rapid or sudden decline or a sudden increase in the…

Q: What would the supply curve for houses (in a given city) look like for a time period of 2 hours

A: Supply is the quantity of any good or services that the producer is  willing to sale in the market…

Q: However, the supply of salt in the UK comes mainly from three salt mines; one in Cheshire, one in…

A: It takes time to make salt. The supply of salt is also inelastic. Also there is more demand for salt…

Q: what sort of shift in supply or demand would result in a market equilibrium with higher prices but…

A: The equilibrium price is known as the prevailing market price. The equilibrium price is the price at…

Q: Surpluses and shortages will not occur as long as price can move freely and act as a “rationing…

A: Excess of quantity supplied over quantity demanded results in surplus of the commodity and when…

Q: Is it ever possible that if someone is a net seller of a good, and the price of the good he sells…

A: Seller is person who sales goods and services in market in order to make some money . And seller is…

Q: A study indicated that the optimal price for a consumer product is $32.45. Most products in the…

A: When there are many substitutes available in the market for a particular good, its demand becomes…

Q: In the late 1990s, Starbucks hired the Environmental Defense Fund to help it determine how best to…

A: Green consumerism refers to a state during which consumers demand products and services that have…

Q: The demand and supply functions for a particular commodity are D(x) = 80e-0.001x and S(x)= 30e0.001r…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: what sort of shift in supply or demand would result in a market equilibrium with higher prices and…

A: Demand curve is downward sloping and supply curve is upward sloping in the price, quantity space.…

Q: To what extent do Tariffs maximize total utility for a given population?

A: Solution-Total Utility - Total utility is the sum total of utility derived from the consumption of…

Q: A survey by Namibian statistics agency indicated that kapana is Namibian favourite. For each of the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The marginal cost of the fifth sweatshirt is:

A: option D is the right answer Marginal cost of fifth sweatshirt is $17 calculation of marginal cost…

Q: Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling…

A: The law of demand refers to the inverse relationship between price and quantity demanded (other…

Q: How do firms increase relative surplus value?

A: Relative surplus value refers to the additional benefit to firms and workers from making an activity…

Q: Explain how demand for commitment devices can be rational.

A: Commitment devices: It refers to an arrangement in which the individual is enter with the aim of…

Q: the degree of change in demand or supply due to the change in its determinants

A: The demand and supply are the two sides of the market. The demand and the supply in the market would…

Q: How can suppliers impact supply if they do not have the ability to drastically changes prices?

A: There are numerous ways in which suppliers can alter the supply (increase or reduce it) by not…

Q: The market equilibrium for milk in your city can best be described as follows:   Group of answer…

A: Prices of goods and services that exists in the market is decided with the help of market variables-…

Q: Which of the following statements would you expect to be true about pizzas and food? Food has a…

A: Price elasticity of demand measures the proportion of change in quantity demand due to price change.…

Q: At the start of 2010, the UK was hit by extremely cold weather including snow and ice. As a result,…

A: In the above given question, as the demand of salt has suddenly increased, but supply remained…

Q: At the start of 2010 the UK was hit by extremely cold weather including snow and ice. As a result…

A: The supply curve is the curve which shows various amount of quantity supplied at various prices. The…

Q: At prices below equilibrium, the quantity exchanged is equal to the quantity supplied. True, false,…

A: When the price is below equilibrium point, people demand more and producers supply less amount of…

Q: Consider the market for cars. Car producers expect the price of cars to increase next month. What…

A: Any change in the price of a good or service will always lead to the change in the quantity supplied…

Q: Seven-Elevens supply chain strategy in Japan can be describes as attempting to micro match supply…

A: Seven-Eleven is the strategy used to limit the inventory by controlling the cost and follow a…

Q: The function D(p)D(p) gives the number of items that will be demanded when the price is p. The…

A: Answer: Option B, Evaluate C(D(8)) Explanation: First, we will put p=8 in the demand function. So…

Q: If consumers are evenly spread throughout the city, firms are more likely to locate in the middle of…

A: The following points determine how the firm choses to establish itself - The determinants are:…

Q: At the start of 2010, the UK was hit by extremely cold weather including snow and ice. As a result,…

A: At times of uncertain natural calamities, the demand for essentials (medicines and food) increased…

Q: After the bird flu disease was seen in a poultry farm in the town of Kızıksa in Manyas District of…

A: Market demand curve for a commodity shifts when there is a change in consumer demand. Market supply…

Q: At the start of 2010 the UK was hit by extremely cold weather including snow and ice. As a result…

A: a) Supply curve of salt in the short run:   Here, S is the supply of salt in short-run. When demand…

Q: An increase in the population of a country will cause the demand curve to shift outward and supply…

A: The link between the quantity of the commodity that producers want to sell at various prices and the…

Q: How can the owner of The Burger Barn determine if a one-day promotional sale on milkshakes will…

A: We know that there are two types of related goods . One of them is complimentary goods which are…

Q: The shortage was so great that at one point the government ordered councils to use less grit on the…

A: Supply curve in the short run would be upward sloping.

Q: A decrease in the cost of the flour used to bake bread is most likely to

A: A decrease in the cost of the flour used to bake bread can affect the quantity demanded and the…

Q: If the material that the good was made out of became more difficult to obtain, how would the likely…

A: Answer: If the material ( or input) that is used to produce goods becomes more difficult to obtain…

Q: In your own words, why isn't the cost of producing a product sufficient to predict its market price?

A: The production cost directly impact the price charged for a good or service. As production costs…