Draw a market (i.e., supply and demand) diagram for pearls.  Make sure you label all axes and lines.  Label the equilibrium as point A.  In the same diagram, illustrate how an increase in income (pearls are inferior goods) will affect the market supply, demand or both.  Illustrate how the equilibrium price and quantity will change.  Label the new equilibrium as point B.   Submit your answer by clicking on the tab above that uploads a document or photo.  This NEEDS to be HAND DRAWN.  Computer drawn answers unless previously cleared with me, will get half credit.

BEFORE pressing the “Submit the Quiz”button, show the paper with your handwritten answers to the camera and hold it for at least 5 seconds to ensure a clear view for the proctors. Then, immediately  take a picture of your test paper, and submit it.

A business is concerned with many day-to-day activities. Some of the most important of these activities are the planning and development of a product, its ability to communicate value, its pricing policy, and the distribution strategy. These activities are all a part of:

What is the first step of the price-setting process?

What is an emerging trend in retailing that is reshaping consumer shopping experiences?

In the article, A Strategic Science of Teaching for a More Just Education System, what relevant verbal developmental cusps are listed as prerequisites for success in AIL general education classrooms? CHECK ALL THAT APPLY

What is meant by “contingent” in the chapter from “When Text Speaks”? 2 sentences maximum  

Which of the following is NOT a common base for international market segmentation?

What is a defining characteristic of a specialty store?

Terrorism that involves groups using violence as a method of influence, persuasion, or intimidation in order to achieve a particular aim or objective is called ______ terrorism.