The nominal interest rate is 15% and a person spends a lot of time on his mobile banking app moving money from his savings account to his checking account when he needs to make a purchase.
a. Shoeleather cost
b. Menu cost
c. Relative price variability
d. Tax distortions
Answers: 2
Business, 21.06.2019 21:00
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Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
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Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market.a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation
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