Economists statement for sales to a change

When Serena Williams, Cindy Crawford, Hillary Clinton, Katy Couric, Jennifer Lopez, and Ashanti all start wearing Wal-Mart jeans at public appearances, economists would explain any resultant raise in Wal-Mart’s jean sales to the change in: (1) Expectations regarding prices and availability. (2) Numbers and ages of the buyers. (3) Prices of the related goods. (4) tastes and preferences.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Types of measurement in Metrics Types

Types of measurement in Metrics: A) Nominal: a nominal scale assigns items to a category. For example, the category may be a simple "yes" or "no." In the case of a family, a nominal scale

Q : Production and Value The People who

The People who work in financial markets are least probable to make value by being productive via alteration of the: (i) Time when the materials are accessible. (ii) Place of materials. (iii) Form of materials. (iv) Possession or ownership of the materials.

Q : Determine elasticity of demand for

When the U.S. price elasticity of demand for gasoline is 1.0, the price elasticity of demand for gas sold through one of several gas stations along a busy highway: (w) less than 1.0. (x) 1.0. (y) greater than 1.0. (z) zero.

Q : Normative Standards for Distribution

Relative to a requirements standard for distributing income, in that case the adoption of an equality standard would most likely tend to be: (w) unarguably fairer. (x) less bureaucratic. (y) more harmful to work incentives. (z) clearly less fair.

Q : Condition of shut down of firm in long

I have a problem in economics on Condition of shut down of firm in long run. Please help me in the following question. Any of the firm will shut down in long run if its: (i) Economic gain doesn’t surpass zero. (ii) Future revenues are not predic

Q : Multinational corporations Give the

Give the answer of following question. Multinational corporations: A) mainly are headquartered in Switzerland. B) are so named because of their heavy export volume. C) are illegal under the U.S. antitrust laws. D) are so named because of their sizable foreign producti

Q : Minimum wage laws for unskilled and

The capability of unskilled workers to compete against skilled workers for jobs tends to be decreased by: (1) progressive income taxes. (2) laws which impose excessive legal minimum wages. (3) speculation and arbitrage. (d) inflationary balance of trade deficits. (5)

Q : Illustration of teleporter market in

The teleporter market would show a surplus when: (1) teleporter buttons were priced at P3. (2) Q2 teleporter buttons were produced and sold at a price of P2. (3) teleporter buttons were priced at P2. (4) Q

Q : Product markets and labor markets

Relative to firms which are price takers in both the product markets and labor markets, firms through market power in both the product markets and labor markets tend to. (1) Hire fewer workers and pay them less. (2) Rely more heavily on the screening and signaling thr

Q : Price elasticity of demands for moving

Moving from point d to point e beside demand curve D, the price elasticity of demands of DVDs of video games at equal: (a) 0.8. (b) one. (c) 1.10. (d) 1.25. (e) 2.50

Discover Q & A

Leading Solution Library

Avail More Than 1449364 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949342
Asked

3,689

Active Tutors

1449364

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment