This holiday season, the hottest gift was a doll named Sparkle Princess. Within a few hours, all of the stores sold out their stock of this doll. People who had been fortunate enough to buy a doll began to sell their dolls on the internet. Thousands of people logged on to try to buy one of the few dolls that were being sold on the internet. What MOST likely happened with the internet sales?
A. The price went down because the supply was low and the demand was high.
B. The price went up because the supply was low and the demand was high.
C. The price went down because the supply was high and the demand was low.
D. The price went up because the supply was high and the demand was low.
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 20:20, staxeeyy767
If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.
Answers: 3
Business, 21.06.2019 20:30, Felici6086
Partnerships are the most common type of business firms in the world. t/f
Answers: 3
Business, 22.06.2019 19:00, 3peak101
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
Business, 22.06.2019 23:00, tmcdowell69
Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation
Answers: 1
Do you know the correct answer?
This holiday season, the hottest gift was a doll named Sparkle Princess. Within a few hours, all of...
Questions in other subjects:
Physics, 05.02.2020 06:50
Computers and Technology, 05.02.2020 06:50
History, 05.02.2020 06:50
