Demand for bikes has suddenly increased, and the market price has risen from $50 to $60.
In three to five sentences, explain how this change will affect profits.

Question

21-10-2020
Mathematics

contestada

Demand for bikes has suddenly increased, and the market price has risen from $50 to $60.
In three to five sentences, explain how this change will affect profits.

Respuesta :

Otras preguntas

Ralph's Pizza Shop sells two sizes of rectangular pizzas that are similar in shape. A large pizza is 12 inches by 18 inches. The shorter side of the small pizza

Explain how one war impacted the oil industry, then explain how one regime change impacted the oil industry. Argue which had a longer lasting impact on the oil

Randy moved across the country to advance his career. Though he moved alone, he soon developed friendships with coworkers and others who became like a family to

Dante is looking forward to his friend's presentation on the top ten classic horror movies. He usually sits next to the air conditioner, but it hums loudly whe

Brendan, the manager of a department store, believes that his workers are only motivated to work when they’re offered rewards or punished. Therefore, in order t

At a large conference of teachers from a variety of subjects, a random sample of 50 mathematics teachers attending the conference was selected. Among the select

Carbon dioxide and water molecules in the atmosphere will absorb: a. infrared light.b. visible light.c. ultraviolet light.d. radio waves.

Simplify the expression (x^3/x^4)^2

Which condition is characterized by enlargement of the hands and feet due to excessive secretion of the growth hormone after puberty? a.acromegaly b.hyperpitui

Gary Corporation manufactures a single product. The selling price is $104 per unit, and variable costs amount to $78 per unit. The fixed costs are $36,000 per m

kilokey kilokey · Answer 1 · 2020-10-21T16:41:26+02:00

Answer:

profits will increase so with that being said the supply of them dropped if demand increased getting bikes will be harder for competing business in the area and so therefore if you have 200 bikes and others have 50 bikes your gonna make way more profit and for the people with 50 bikes they will gain and lose profits because when they run out of bikes they have to buy more and they are more expensive because of the demand on them

Step-by-step explanation:

andromache andromache · Answer 2 · 2022-03-08T13:15:58+01:00

The explanation regarding the change of price that impact the profits should be explained below.

Impact on profit:

The profit should rise when the supply should fall. In the case when I have 200 bikes while the other should have 50 bikes so here I make more profit however the other people will gain but the profit should be lost since the bikes should be out of the stock and at the same time they need to buy more that should be more expensive due to the demand.

learn more about profit here: https://brainly.com/question/21900302

Demand for bikes has suddenly increased, and the market price has risen from $50 to $60.In three to five sentences, explain how this change will affect profits.

Respuesta :

Impact on profit:

Otras preguntas

Demand for bikes has suddenly increased, and the market price has risen from $50 to $60.
In three to five sentences, explain how this change will affect profits.