A decrease in soft drink demand due to shifts in consumer tastes, combined with an increase in soft drink supply due to lower input prices, will lead to a decrease in soft drink equilibrium price; the equilibrium quantity might very well increase or decrease.
The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers desire to purchase of the good or service, quantity demanded, equals the number producers want to sell, quantity supplied. The equilibrium quantity is the name given to this common quantity. In any other cost, the quantity demanded doesn't really equal the quantity supplied, indicating that the market is not in equilibrium.
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Backed by the u. S. Government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Backed through U. S. government, those economic contraptions are brief-time period debt responsibilities with the adulthood of fewer than twelve months. they're taken into consideration threat-unfastened investments: Treasury bill.
The U. S. government is comprised of three branches; the legislative branch, govt branch, and the judicial department. each department works collectively to set the legal guidelines of the U.S. The congress, senate, and residence of Representatives are underneath the legislative department, which makes the laws.
The U. S. government is the commonplace authority of us, a federal republic in North the USA, composed of 50 states, a metropolis inside a federal district, five main self-governing territories, and numerous island possessions.
U. S. government consists of three separate degrees: the federal authorities, the state governments, and neighborhood governments President is both the head of the nation and head of the government of America and the Commander-in-chief of the militia. Under Article II of the charter, the President is liable for the execution and enforcement of the laws created by using Congress.
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codes of conduct followed by auditors emphasize the impor- tance of independence to achieving audit quality. explain why indepen- dence is considered the cornerstone of the auditing profession.
The codes of conduct followed by auditors emphasize the importance of independence to achieving audit quality, the reason why independence is considered the cornerstone of the auditing profession because it bring about integrity and it reduces corruption.
What is independence in auditing profession?Auditor independence can be described as the independence of the external auditor which is been characterized by integrity as well as the requirement of the auditor to carry out his or her work freely and in an objective manner.
In this case, it should be noted that codes of conduct followed by auditors emphasize the importance of independence to achieving audit quality, the reason why independence is considered the cornerstone of the auditing profession because it bring about integrity and it reduces corruption.
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By conducting interviews and gathering responses to these questions, auditors can assess the level of employee awareness, perception, and understanding of the code of conduct, ethics, and compliance-related matters within the organization. This information can help identify areas for improvement and address any gaps or issues that may exist.
During the code of conduct audit, hotline reporting mechanism audit, or leadership commitment audit, the following sample questions can be used to gather relevant information:
1. Does the employee understand their role in complying with the standards established by the code of conduct?
This question assesses the employee's understanding of their responsibilities and obligations as outlined in the code of conduct. It helps determine if they are aware of the expectations placed on them regarding ethical behavior and compliance.
2. Does the employee believe the company is serious about ethics and compliance? If not, why not?
This question seeks to gauge the employee's perception of the company's commitment to ethics and compliance. It provides insights into any potential gaps or concerns in the organization's efforts to foster an ethical culture
3. What does the employee think are the company's risks regarding ethics and compliance?
By asking this question, auditors can gain insights into the employee's awareness of potential risks and vulnerabilities related to ethics and compliance. It helps identify areas where the company may need to focus its attention to mitigate these risks effectively.
4. Does the employee know the name and contact information of their Ethics Officer/Advisor, or the person they can contact to report wrongdoing?
This question assesses the employee's knowledge of the reporting mechanism and their ability to access it. It ensures that employees are aware of the appropriate channels to report any ethical concerns or wrongdoing, fostering a culture of transparency and accountability.
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how can you use mastering to develop a growth mindset and embrace your mistakes? how can you use mastering to develop a growth mindset and embrace your mistakes? question what went wrong and use hints or provide problem feedback to develop a new strategy repeat the question without changing your approach and input a different answer
The way to use mastering to develop a growth mindset and embrace mistakes is to question what went wrong and use hints or provide problem feedback to develop a new strategy.
How can we develop a growth mindset?
There are several ways to develop a growth mindset and one of them is the use of the mastering technique.
This technique calls for one to look at the situation they are in and question what went wrong. One should then use the feedback they get from the problem they discovered to come up with a new strategy.
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couples filing jointly (even when participating in a retirement plan at their places of work) can open this type of account as long as their adjusted gross income is less than $193,000.
The US taxation has special provisions for single and couples filing tax returns. The correct term for the retirement plan given is Roth IRA
Self-directed retirement plans - With no special record keeping, it can offer better protection from taxes and this includes Keough plans, IRA, etc.
Rollover - Rollover, also known as IRA transfer, is generally used to transfer funds from one firm to another, that is one IRA account to another. Roth IRA - Couples having AGI up to $193,000 and are jointly filing, can open Roth IRA, without participating in employer pension programs. Nondeductible IRA - Here, earnings are tax-free, till the person reaches 591/2 and any withdrawals amidst have a penalty.Traditional IRA - Any couples who are filing jointly and have AGI less than $193,000 can contribute to a traditional IRA and these are tax-deductible.Learn more about a retirement plan here:-https://brainly.com/question/3090325
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B, A, C, B, B, A, A, B, C, C, B, A, B, B, B, A, C, A, A, B Which relative frequency table correctly displays the data? A 2-column table with 3 rows. Column 1 is labeled grade with entries A, B, C. Column 2 is labeled Relative Frequency (percentage) with entries 70, 90, 40. A 2-column table with 3 rows. Column 1 is labeled grade with entries A, B, C. Column 2 is labeled Relative Frequency (percentage) with entries 40, 40, 20. A 2-column table with 3 rows. Column 1 is labeled grade with entries A, B, C. Column 2 is labeled Relative Frequency (percentage) with entries 35, 45, 20.
Based on the given points, the relative frequency table that correctly displays the data is A 2-column table with 3 rows. Column 1 is labeled grade with entries A, B, C. Column 2 is labeled Relative Frequency (percentage) with entries 35, 45, 20.
What is the relative frequency?The total number of letters given is 20.
The number of As in this list are 7 As. Their relative frequency is:
= 7/20 x 100%
= 35%
The number of Bs. in the list are 9. The relative frequency is:
= 9/20 x 100%
= 45%
The number of Cs are 4 and their relative frequency is:
= 4/20 x 100.%
= 20%
In conclusion, the last table accurately shows the relative frequency.
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Answer:
The answer is C
Explanation:
I did it by adding 5 for every B's, A's, C's, and they make perfect sense
Max weber coined the term ________ to denote the tendency on the part of protestants to work hard and accumulate wealth.
Max weber coined the term Protestant work ethic to denote the tendency on the part of protestants to work hard and accumulate wealth.
The phrase "Protestant work ethic" was created by Max Weber to describe the propensity of Protestants to put in a lot of effort and amass money.
What are Protestants' beliefs?The notion that a Christian is justified in his connection to God by faith alone, not by good works or dispensations, and the acceptance of the Bible as the one authoritative source of infallible revealed truth were the main features of original Protestantism.
In his book The Protestant Ethic and the Spirit of Capitalism from 1904 to 1905, Max Weber first used the expression. Weber said that the development and expansion of capitalism were made possible by Protestant ethics and values, asceticism, and the predestinarian concept of Calvinism.
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marketing is based on the understanding that organizations have employees, suppliers, stockholders, and distributors as
Understanding that businesses have a wide range of interconnected stakeholder "partners," including as employees, suppliers, investors, distributors, and society at large, is a must for marketing success.
What is an organizations ?A firm, institution, or association that consists of one or more people and has a specific goal is known as an organization, or organization (Commonwealth English; see spelling variations).
The word is derived from the Greek word organon, which also refers to an organ and several tools or instruments.
A hybrid organization is one that concurrently generates commercial market activity in the public and private sectors while carrying out public duties.
A voluntary association is a company run entirely by volunteers.
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when juanita meets regularly with her workers to provide encouraging words so that they work hard to achieve the company’s goals, she is engaged in the management function of controlling. group of answer choices true false
It is untrue that Juanita is performing the controlling management function when she meets regularly with her staff to offer words of encouragement to help them work hard to fulfill the company's goals.
According to one definition, management function is a social activity that is responsible for the efficient and economical planning and regulation of an enterprise's operations in order to achieve predetermined goals. It is an active process made up of a variety of components and actions. Operational tasks like marketing, finance, buying, etc. are distinct from these activities. Instead, regardless of his position or rank, these activities are similar to all managers.
The various managerial functions have been categorized by specialists. When Juanita meets regularly with her team to offer words of encouragement to help them work hard to achieve the company's goals, it is incorrect that she is carrying out the controlling management function. George and Jerry assert that "There are four core management functions, namely planning, organizing, acting, and controlling."
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the united nations operates with voluntary agreements among members based on their shared norms, which makes it an informal blank institution. multiple choice question.
The United Nations is an informal normative entity since it relies on voluntary agreements among its members based on their shared standards.
UN system
The United Nations is a part of the UN system, which also includes numerous funds, programs, and specialized organizations, each of which has a distinct mission, executive authority, and budget. Instead of being funded by assessed contributions, the programs and finances are funded by voluntary donations. The Specialized Agencies are autonomous, global institutions supported by voluntary and imposed contributions. These various parts of the UN system work together to support the Organization in achieving its objectives, and the UN coordinates its activities with them.
Resources and Programs
The United Nations is fundamentally an informal organization because all of its agreements are voluntary.
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at the band’s peak of popularity, a signed black diamond poster sold for $500. three years later, the band was almost forgotten, and the poster was worth only $10.
The annual multiplier is 0.27 and the Annual multiplier in decrease is 73%.
The gross hire multiplier is the ratio of the rate of a real estate funding to its annual condominium profits earlier than accounting for costs consisting of property taxes, insurance, and utilities; GRM is the variety of years the property would take to pay for itself in gross acquired hire.
We need to find the annual multiplier and annual percent of decrease.
The Final value after n years is equal to the Initial value multiplied by the multiplier raised to the number of elapsed years.
m⇒ annual multiplier
Substituting the values we get;
Taking cube root we get;
Hence the annual multiplier is 0.27.
Now We will find the annual percent of decrease.
The annual multiplier is equal to 1 minus the depreciation rate.r ⇒ annual percent in decrease.
Hence, Annual Percent in decrease is 73%.
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Disclaimer:- your question is incomplete, please see below for the complete question.
At the band's peak of popularity, a personally signed Black Diamond poster sold for $500. Three years later the band was almost forgotten and the poster was worth only $10. What were the annual multiplier and annual percent of decrease?
One of the big advantages of being an informed user and consumer of it is that it enables you to anticipate future innovations and their potential applications. True or false?.
False, because even though we can anticipate innovation, we must accept innovation because the more innovations, the more advanced the times.
Customer database is a collection of information from each customer. It is called a collection of information because it contains names, home addresses, telephone numbers, other personal data such as birthdays, to customer email addresses. Customers are one of the greatest assets of a business. The more customers who are loyal to the product, the better the business will be. Therefore, it is very important to create a customer database in business.
When you want to promote a product, especially a new product, a customer database is needed to help you. With the help of a customer database, you can easily provide these new products to existing customers. Usually, regular customers will feel satisfied, so it will be easier to promote new products to them.
With the customer database, you will also find it easier to carry out promotional activities compared to finding new customers. In addition, the costs incurred are not too expensive so you can make cost savings on the promotion of new products. When building a customer database, the minimum customer data that must exist are name, phone number and email address.
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. consider the following business activities that occur at a ski resort. classify each activity as operating (o), investing (i) or financing (f)
The following business activities and sports arise at a ski resort. classify each activity as:
Operating (o): Operating activities encompass receipts and payments of coins for operations of the enterprise.
Investing (i): investing in sports consists of the receipts and bills of cash because of the sale and purchase of the property.
Financing (f): Financing sports include receipts and payments of cash due to problems and compensation of debt and fairness capital.
Understanding business activities. There are 3 fundamental kinds of commercial enterprise activities: running, investing, and financing. The coin flows used and created with the aid of each of those activities are indexed within the coins waft statement.
Commercial enterprise is the interest of creating one's living or earning profits by way of producing or buying and selling merchandise. it is also "any pastime or enterprise entered into for income."
Business activities pastime is any hobby associated with the purpose of creating a profit. it's far regularly divided into running sports, investing sports, and financing activities. of those, running activities tend to be considered the maximum essential as they have the most direct effect on a corporation's overall performance.
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suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. draw the new production possibilities curve. instructions: use your mouse to click on either one or both of the endpoints of the ppc and drag inward or outward as necessary.
Suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. We draw the new production possibilities curve by moving the 30 points to the right tick.
Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life. Almost every aspect of modern life is impacted by technology, including productivity, socialization, food and healthcare access, and transportation efficiency and safety. The power of the internet has facilitated the emergence of international communities and made it easier to exchange information and resources. So many people are benefiting from technology in various ways. Collaboration between nations, cultures, and companies has never been simpler. Platforms and communities make this possible and facilitate easy global connection. This is significant because to overcome the current obstacles, we must work together.
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economic theories: group of answer choices are abstractions and therefore of no application to real situations. that are true for individual economic units are never true for the economy as a whole. are useless because they are not based on laboratory experimentation. are generalizations based on a careful observation of facts.
Economic theories:
A. are useless because they are not based on laboratory experimentation.
B. that are true for individual economic units are never true for the economy as a whole.
C. are generalizations based on a careful observation of facts.
D. are abstractions and therefore of no application to real situations.
The required details for Economic theories in given paragraph
Economic theories are broad generalizations based on meticulous fact observation.
An economic theory is a body of ideas and precepts that spells out how distinct economies operate. Depending on their individual role, an economist may employ theories for a variety of purposes. For instance, some theories try to explain why specific economic phenomena like inflation or supply and demand happen.
What is a case study of economic theory?
Input and output
For instance, an item or service's price may soar when its supply declines and consumer demand increases; in this scenario, the supply is insufficient to meet the demand.
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top managers particularly need strong conceptual skills, because changes affecting the organization tend to be more important at their level than at other managerial levels.
Top managers particularly need strong conceptual skills, because changes affecting the organization tend to be more important at their level than at other managerial levels
The ability to visualize a big-picture strategy and goal and then provide leadership and direction in task execution to accomplish it is referred to as conceptual skills. While conceptual skills benefit supervisors and managers at all levels, they are essential for top managers that provide general direction for a company.
Vision is a shared leadership skill among top executives. Top managers have minds that are constantly focused on the company objective or end goal. This vision serves as the foundation for a company's actions and structure. Top management in a company typically develops a long-term vision and sets the company's course, while supervisors guide their personnel on that course.
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four decades of ceo–tmt interface research: a review inspired by role theory author links open overlay panel
Researchers from a variety of fields have begun to pay more attention to the CEO-TMT interface, which is the connection and interaction between the CEO and other senior managers.
A Brief review of CEO-TMT interface researchThis line of inquiry tries to shed light on how CEOs and other executives communicate, shape one another, and participate in group activities that determine the course of organizations. However, current CEO-TMT research is characterized by a variety of disjointed assumptions regarding the interacting roles via which CEOs and TMTs exert strategic leadership, despite the growing interest in this field.
Drawing on role theory, we review extant CEO-TMT interface research in several disciplines and systematically organize the various CEO-TMT role assumptions into three role-theory specifications: functionalism, social-interactionism, and structuralism.
In taking stock of the three role specifications, we provide a critique of the strengths and boundaries of each, and chart directions toward an integrated ‘multi-role’ understanding of the TMT interface in strategic leadership.
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the fasb’s conceptual framework’s qualitative characteristics of accounting include: multiple choice full disclosure historical cost ease of access relevance
The fasb’s conceptual framework’s qualitative characteristics of accounting include Relevance.
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if dan's baseball card collection is stolen after he entered in to an agreement to sell the cards, the contract must be because of impossibility of performance.
If dan's baseball card collection is stolen after he entered into an agreement to sell the cards, the contract must be discharged, because of the impossibility of performance.
What is the agreement?
A contract between two or more people to do something is referred to as an agreement. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.
The baseball card collection entered into an agreement to sell the cards, the contract must be discharged, and the performance is impossible. The credit card was taken. This is the primary reason for the performance's impossibility.
As a result, the agreement of the discharge of the contract.
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which of these is the healthiest inflation rate?
A. 2.5%
B. 3%
C. 3.5%
Based on the Consumer Price Index, the Federal Reserve seeks to maintain inflation at 2%. (CPI)
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
The rate at which the cost of goods and services increases is known as inflation.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three categories into which inflation is sometimes divided.
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to create interest for the colossal choco chipper, the company sent a free package of six cookies to selected homes along with a coupon. kookie cookie's activities represent
To create interest for the colossal choco chipper, the company sent a free package of six cookies to selected homes along with a coupon. kookie cookie's activities represent Sales Promotion.
Free packages are products, presents, or other items that have been branded with a company logo and are used in marketing. They are distributed without charge to advertise a business.
Customers can test out a tiny bit of free packages in the hopes that they would decide to buy them. The tactic promotes experimentation and increases awareness.
Getting something for practically nothing provokes a feeling in consumers; it simply makes them feel better. Free packages are perceived as rewards and, in most situations, have a positive impact on customers' opinions of your company. This encourages loyalty from current customers while also attracting potential and new ones.
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rachel is the qualifying child of greta, her grandmother, and lisa, her mother. greta's agi is $22,000, and lisa's agi is $14,000. both greta and lisa want to claim rachel. can you prepare a return for greta claiming rachel for earned income tax credit (eitc) purposes? yes, greta can claim rachel for eitc because her agi is higher. yes, greta can claim rachel for eitc if she files before lisa. no, greta cannot claim rachel for eitc because she is not her parent. no, greta cannot claim rachel for eitc because lisa, the mother, holds a higher right than greta, the grandmother.
Earned income is typically money that you receive from your employer or that you make running your own farm or business. Wages, tips, salaries, non-taxable combat pay, benefits from union strikes, and some long-term disability payments are all considered earned income.
Retirement income, Social Security payments, unemployment compensation, alimony, and child support are NOT considered earned income.
You must have investment income of no more than $10,000. No foreign earned income exclusion form needs to be submitted by you.
The taxpayer and the eligible child must spend more than half the year living together. That translates to 183+ days or more than six months. The District of Columbia and all 50 U.S. states must be where you now reside. The taxpayer who requests the EITC must be an American national or resident (i.e., they must not be a non-resident alien).
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which of the four corporate social responsibilities is considered first and foremost for business enterprises?
The corporate social responsibilities are considered first and foremost for business enterprises are economic. Thus, option (c) is correct.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
The all business enterprises are the full fill the corporate social responsibilities such as legal responsibility, economic responsibility, ethical responsibility, and philanthropic responsibility. But, the most important responsibility is the economic because provided the employment and development of the infrastructure.
As a result, the business enterprises are the most important corporate social responsibilities are economic. Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
A. Legal
B. Philanthropic
C. Economic
D. Ethical
on may 1, mary's morsels provided catering services at a wedding. the bride is billed $4,000 and will pay during the following month. record this transaction on may 1 in the accounting equation of mary's morsels by: multiple choice question. increasing accounts receivable and decreasing revenue increasing accounts receivable and increasing revenue increasing accounts payable and increasing revenue increasing cash and increasing revenue
Based on the catering services for the wedding and the fact that the bride will pay in the following month, the effect on the accounting equation is increasing accounts receivable and increasing revenue.
What happens when a customer is billed?When a customer is billed and they will pay in future like the bride at this wedding, this is treated as an account receivable because it means that the bride owes the company.
At the same time, this is also treated as revenue because the company will be paid for services rendered. Revenue will therefore increase.
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evan and rosa have two young children. evan has a full-time job as a truck driver, and rosa is currently applying for jobs. what insurance may be best for them right now? wuiclet
Evan and rosa have two young children. Evan has a full-time job as a truck driver, and rosa is currently applying for jobs. Unemployment insurance and life insurance may be best for them right now.
Since driving a truck is a hazardous job that is prone to accidents, Evan and Rosa would need to purchase life insurance, while Rosa, Evan's wife, would need to purchase unemployment insurance due to her current temporary jobless.
Insurance is necessary to guard against any unforeseen events or situations that can endanger the person in question. This insurance would assist in covering any costs incurred when unforeseen circumstances occurred.
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when you are valuing a stock, what must you be most careful about when performing your calculations?
When you are valuing a stock, proper research must be done on the company's anticipated future growth rate which must be most careful about when performing your calculations.
When the case of deciding on which valuation method is to be used for the first time to value stock as it is actually easy to get overwhelmed by various valuation techniques available for the investors. Fairly straightforward valuation techniques are also present, however, other techniques are more involved and complicated.
In general, there is actually no particular method that is best suited for every situation to make performed. Since each stock is different and each industrial sector or firm exhibits unique characteristics it may be required to process valuation methods which are in multiple cases.
Due to many factors to be considered while stock valuation, it must be done on basis of the complete anticipated future growth rate of the company. This should be done carefully based on proper research on the future growth of the particular company to perform calculations of stock valuation.
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hicks corp. wants to install a contributory group plan. it employs 200 people. how many employees must participate in order to install the plan?
Hicks corp. wants to install a contributory group plan. it employs 200 people. They will require 150 employees' participation in order to install the plan.
A contributory group plan requires you to contribute to the cost of group life insurance. The insurer typically demands that at least 75% of eligible employees participate in the plan in order to prevent adverse selection. In a noncontributory plan, the entire premium is paid by the employer. A retirement plan that requires current employees or retirees to cover a portion of the plan cost is known as a contributory plan. Employee payments are deducted directly from their paychecks. According to the plan's rules, these contributions might result in higher benefit payments. Contributory plans typically call for about 75% of employee participation, while noncontributory plans typically demand 100% employee participation.
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employers find that many college graduates are not career-ready in , skills that employers are looking for.
Employers find that many college graduates are not career-ready in critical thinking skills that employers are looking for.
Who is an employer?It should be noted that the employer is an individual who employs people to work in an organization. It should be noted that employers like out for people who can think critically.
Analyzing the information at hand—facts, evidence, observations, and arguments—in order to make a decision is known as critical thinking. The topic is complicated, and there are many various definitions of what it means to analyze or evaluate factual data in a reasonable, skeptical, and objective manner.
Therefore, based on the information, the option to fill in the question will be critical thinking.
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Shereen has accidentally overdrawn her checking account this month. Thankfully, she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. What should Shereen do to reduce her monthly expenses?
a. put off paying her credit card bill until she can afford it
b. invest in a new electric car to pay less on gas
c. stop dining out at restaurants and going to the movies
d. start shopping at higher-quality boutiques for clothes
Answer: C
Explanation: This option makes the most sense.
c. stop dining out at restaurants and going to the movies
a company that uses a calendar year purchases an asset with a historical cost of $250,000, a residual value of $5,000 and an estimated life of 5 years. if the asset is acquired on january 1, 2016, the first-year depreciation under the double-declining balance method is:
The first year depreciation under the method is $100,000 ($250,000 x 40%).
What Is the Double-Declining Balance (DDB) Depreciation Method?The lowering balance technique, also known as the double-declining balance depreciation (DDB) approach, is one of two popular ways a company would often account for the cost of a long-lived asset.
When opposed to straight-line depreciation, which employs the same amount of depreciation each year during an asset's useful life, the double-declining balance depreciation technique accelerates depreciation and counts as an expense more quickly. Similar to the falling balance approach, the double-declining method doubles the rate of asset depreciation.
In commercial accounting, an accelerated depreciation computation known as the double-declining balance (DDB) approach is employed.
More specifically, compared to the conventional declining balance technique, the DDB method depreciates assets twice as quickly.
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between 2016 and 2017, nintendo produced 2.3 million nes classic edition mini consoles that sold out almost immediately as they arrived at stores. the retail price of the mini console was $59.99. however, if you were to check ebay at the time, you would see that people were buying the units for $250 each from scalpers.
The signal that the high price on eBay sends to both scalpers and those playing the consoles is to buy more consoles to sell on eBay.
What signal is sent when prices are high?The high price of the Nintendo consoles on eBay will provide a market incentive to people trying to get into the market and sell consoles to make money as well.
Both the scalpers and the people who want to buy the game to play it, will start buying more of the consoles so that they can sell it for an even higher price on eBay.
The rest of the question is:
Describe what signal this price sends to both scalpers and people buying the consoles to play them.
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