After the tax, the price paid by consumers is, but the price producers actually keep is______ Price $20 $16 $14 Supply + Tax Supply
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- One roommate believes the most important objective in setting pricesfor your new pet grooming business is to generate a large profit whilekeeping an eye on your competitors’ prices; the other roommatebelieves it is important to maximize sales and set prices according towhat your customers expect to pay. Who is right and why?1. Why people demand in beauty products. 2. Why people demand in food products.3. Discuss the role of customers' perception of value and the product's cost in setting the price.
- Describe information that consumers may perceive from price. For example, some consumers think that if an item has a high price, then it will probably be better than its competitors. That may or may not be true.Based on the scenario, how can you define the importance of the price of a product in attractingcustomers?1. Discuss the importance of consumer perceptions of value and costs in setting prices. Give examples
- A friend is curious about volatility of land priced in town and its environs. She is curious about the factors the influence land prices. Explain to her any five factors clearly pointing how they relate to (i) NOI, (ii) r and/or (iii) gWhat are the possible problems that will be encountered if a firm uses | perceived-value pricing and lets the market determine the price of its products?How will profit be affected if the individual firms. Increased price
- What measurement issue is hedonic pricing meant to fix? Be specific as possible as why as measurements without it can fail to capture what the relevant statistic was designed to capture. How does it work in practice?Adidas price floor is set based on while price ceiling is set based on adidas Seller's cost - buyers' perceptions of value O Buyers' needs - seller's perceptions O Seller's cost - buyers' cost O Buyers' perceptions of value - seller's costPrices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, however, ato the thought of $5 bottles of water, $150 running shoes and $500 concert tickets. Take a position: Prices should reflect the value consumers are willing to pay versus prices should reflect only the cost of making and providing a product or service. Which side are you on and why.