Question

Which sentence describes equilibrium in supply and demand? A golf dub manufacturing company decided to use a price-skimming strategy to enter the market. It set the price of its clubs at $450. However, a range of other premium clubs was already available in the market, and thus the product did not achieve a good demand. Eventually, when the price of the clubs fell to $300. demand for the product increased and profits began to soar. Now, market research suggests that if the company reduced its price to $275, the quantity demanded would also rise. The rise in demand was predicted to be 30 percent However, a profit study revealed that to increase demand, it would have to compromise on profits. Thus, the company decided to leave the price at $275. This would help them gain enough customers to make a profit while also manufacturing enough golf clubs to meet demand.

Answer 1

Given

A teenage boy was 4 feet 9 inches tall.

Since then, he has grown 9 inches.

To find:

The height of the boy.

Step-by-step explanation:

It is given that,

A teenage boy was 4 feet 9 inches tall.

Since then, he has grown 9 inches.

That implies,

`\begin{gathered} The\text{ }height\text{ }of\text{ }the\text{ }boy=4ft\text{ }9in+9in \\ =4ft\text{ }(9+9)in \\ =4ft\text{ }18in \\ =4ft\text{ }+1.5ft \\ =5ft\text{ }6in \end{gathered}`

Hence, the height of the boy is 5feet 6inches.