You just took an Uber from home to campus for the first time and were willing to
Question:
You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier than driving yourself that you are willing to pay $21 for the same trip tomorrow. Have you violated the law of demand? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The law of demand states that all else being equal as the price of a good or service decreases the q...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
In the early 1990s, France and Germany had similar current and forecasted inflation rates However, politicaleconomic uncertainties were higher in France, where several political changes in the 1980s...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Life is good, thought Will Stallard as he got into his truck that October morning. He could have been thinking of any one of a number of thingshis wife of seven years, his beautiful baby girl, or his...
-
For the following situations, comment on whether inspection by variables or by attributes might be more appropriate: a. Filling packaged food containers to the proper weight. b. Inspecting for...
-
In the Fisk Company's negotiations with its employees' union on January 1, 2007, the company agreed to an amendment which substantially increased the employee benefits based on services rendered in...
-
Quel Given the values sin 45 = 0.7071, sin50=0.7660 Sin 55 = 0.8192 & sin 60 =0.8660. The approximate value of sin 52, computed by Newton's forward difference method: a> 0.804 b) 0.776 (0.788 d) 0.798
-
When reviewing an organizational chart, what represents the formal line of authority and responsibility within the organization? A. Specialization of labor. B. Chain of command. C. Span of control....
-
Discuss why control procedures over access to the data resource become more crucial under the database approach than in the flat-file environment. What role does the DBMS play in helping to control...
-
? _ _ _ t h e o r y p r o p o s e s t h a t p e o p l e a r e m o t i v a t e d w h e n t h e i r p e r c e i v e d i n p u t s e a u a l o u t p u t s
-
Consider Rons demand for after school care for his children. The marginal benefit Ron receives for every hour of child care is provided in the accompanying table. Using the Rational Rule for Buyers,...
-
GrubHub, a food delivery service, has recently expanded to your area. The accompanying table contains the number of deliveries per month that you demand at various delivery prices. Use this...
-
At present, 20- year Treasury bonds are yielding 5.1% while some 20- year corporate bonds that you are interested in are yielding 9.1%. Assuming that the maturity- risk premium on both bonds is the...
-
How has the digital age affected the utility of the classic consumer decision-making model for marketers?
-
The pure shrinkage estimator is defined as \(\hat{\beta}_{s}=c \hat{\beta}\), were \(0 \leq c \leq 1\) is a constant chosen by the analyst. Describe the kind of shrinkage that this estimator...
-
What are the primary forms of technology used in Industry 4.0 and influencing MarTech stacks?
-
Among 50 students enrolled in a college, 40 had applied for civil engineering and 10 had applied for mechanical engineering. If two students have been enrolled in software engineering by mistake, and...
-
How can Maslows hierarchy of needs be applied to organizational needs?
-
The activation energy for the reaction NO2(g) + CO(g) NO(g) + CO2(g) is 125 kJ/mol, and E for the reaction is 216 kJ/ mol. What is the activation energy for the reverse reaction. [NO(g) + CO2(g) ...
-
Determine the center and radius of each circle. Sketch each circle. 4x 2 + 4y 2 9 = 16y
-
If sales promotion spending continues to grow often at the expense of media advertis inghow do you think this might affect the rates charged by mass media for advertising time or space? How do you...
-
As a community service, disc jockeys from radio station WMKT formed a basketball team to help raise money for local nonprofit organizations. The host organization finds or fields a competing team and...
-
How should the acceptance of a profit-oriented, a sales-oriented, or a status quooriented pricing objective affect the development of a companys marketing strategy? Illustrate for each.
-
Given the following information, calculate the working capital ratio: Current Assets = 200,000 Current liabilities = 175,000 Current stockholder's equity = 50,000
-
You Answered You estimate that a 1-year zero-coupon bond (face value $1000) has a probability of default equal to 19%. In the event of default, you estimate the bond issuer will bay $582. The current...
-
There are a total of 10 mistakes on this paystub. Please assume the following: All names and addresses are correct. The Married status and the allowances for both Federal and State are correct. The...
Study smarter with the SolutionInn App