Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.
How can you find the monthly personal debt ratio?This can be found as:
= Personal debt / Gross income
Solving gives:
= 2,000 / 10,000
= 20%
In conclusion, the personal debt ratio is 20%.
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which customer service attitude requires accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake
Admitting mistakes is the customer service attitude that requires accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake.
What is the function of customer service ?The customer service are those that attend to the requirement of the customers.
They help in accepting mistakes, helping the customer, and finding a solution, even if you did not make the mistake.
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Many firms exercise ____________________ such as when different prices are charged by telephone companies for individuals compared to businesses.
Many firms exercise Price discrimination such as when different prices are charged by telephone companies for individuals compared to businesses.
A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to.
Price discrimination is a microeconomic pricing technique in which the same provider sells the same or substantially similar items or services in different marketplaces at different prices.
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VF Corporation, maker of North Face and other popular "lifestyle" apparel brands, split itself into two separate organizations in order to
The VF Corporation splits itself into two separate organizations in order to rank the performance prospects of the businesses from best to worst and determine what the corporate parent's priorities should be.
VF CorporationVF Corporation is one of the world's biggest clothing, footwear and embellishments organizations interfacing individuals with the ways of life, exercises, and encounters they esteem most through a group of notable open-air, dynamic, and workwear brands.One of the World's Most Ethical Companies in 2022, and a global leader in defining and raising the norms of ethical business operations.Why did VF Corporation decide to split?They choose to part since they needed to decide the corporate parent's needs for allotting assets to its various organizations by positioning the presentation possibilities of the organizations from best to most horrendously terrible.At the point when an organization, for example, VF divides its portions, the market capitalization when the split happens stays steady, meaning the investor presently claims more offers yet each is esteemed at a lower cost for every offer.Frequently, be that as it may, a lower-valued stock for each offer premise can draw in a more extensive scope of purchasers.Hence, In order to analyze the performance prospects of the businesses from best to worst and establish what the corporate parent's priority should be, the VF Corporation divides itself into two distinct groups.
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What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
The entry to write off a bad account affects only balance sheet accounts: a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable. No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
The journal entry for the Bad Debt Expense increases (debit) the expense's balance, and the Allowance for Doubtful Accounts increases (credit) the balance in the Allowance.
Under the allowance method, a write‐off does not change the net realizable value of accounts receivable. It simply reduces accounts receivable and allowances for bad debts by equivalent amounts. Customers whose accounts have already been written off as uncollectible will sometimes pay their debts.
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If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British pound to ________ and pushing the British trade balance toward ________.
If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British pound to appreciate and push the British trade balance toward a deficit.
What do you mean by investment?Investment It is the process through which a company creates capital or increases the stock of already existing capital stock.
Investment growth leads to a rise in the demand for loanable money, which raises interest rates. A higher interest rate will lead to less net capital outflow and more demand for the British pound, which will raise its value. The trade balance shifts toward a deficit as imports become less expensive and British exports become more expensive to foreign buyers as the pound appreciates.
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A monopolistically competitive industry is characterized by ________ concentration ratios and ________ entry barriers. Group of answer choices low; high low; low high; low None of the Answers are Correct. high; high
the correct answer to be filled in the blanks are low and low
Monopolistic competition-
Monopolistic competition characterizes an enterprise wherein many companies provide services or products which are comparable (however now no longer perfect) substitutes. Barriers to entry and go out in a monopolistic competitive enterprise are low, and the choices of any individual organization now no longer immediately have an effect on the ones of its competitors. Monopolistic opposition is intently associated with the commercial enterprise method of brand differentiation.
Monopolistic opposition takes place while an enterprise has many companies providing merchandise which are comparable however not identical. Heavy advertising and marketing are normal amongst companies in monopolistic opposition and many economists criticize this as wasteful.
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Sole proprietorships characteristically are:_____________. easy to discontinue. fairly complex to create subject to special legal restrictions expensive to create
Sole proprietorships characteristically are easy to discontinue.
A sole owner is a person who owns an unincorporated commercial enterprise by means of himself or herself. however, if you are the only member of a domestic constrained legal responsibility organization (LLC), you aren't a sole owner in case you decide on to treat the LLC as a business enterprise.
A sole proprietorship additionally referred to as a sole tradership, character entrepreneurship, or proprietorship is a type of company owned and run by way of one person and wherein there's no prison distinction between the owner and the business entity. A sole dealer does no longer necessarily work on my own and may appoint other human beings.
Examples of sole proprietors encompass small businesses including, a local grocery shop, a neighborhood garments store, an artist, freelance creator, IT consultant, freelance photograph dressmaker, and so on.
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The readings for this week discuss different aspects of the alignment between IT and the rest of the organization. How important is IT-Business alignment? What do you think are effective ways to achieve IT-Business alignment? Why is IT-Business Alignment so difficult?
IT-Business alignment is important because it makes for:
Speed, Accuracy, and ResponsivenessTo achieve IT-Business alignment, the staff should be educated on the latest trends in IT. If possible, they should also be taught the best practices.IT-Business Alignment is difficult because of people's unwillingness to learn and incorperate the best practices in business and technology. What is IT-Business Alignment?IT-Business alignment refers to the synergy between information technology and business. Since the world is moving towards a technology-based society, responsive businesses are also incorperating this facet of life.
IT-Business alignment will help businesses to be more responsive.
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Assume that interest rate parity holds, and the euro's interest rate is 9% while the U.S. interest rate is 12%. Then the euro's interest rate increases to 11% while the U.S. interest rate remains the same. As a result of the increase in the interest rate on euros, the euro's forward ____ will ____ in order to maintain interest rate parity.
As a result of the increase in the interest rate on euros, the euro's forward PREMIUM will DECREASE in order to maintain interest rate parity.
The rate at which a bank or other financial institution agrees to swap one currency for another at a certain future date is known as the forward exchange rate. The circumstance where the forward exchange rate is greater than the actual exchange rate is represented by the forward premium.
Since the interest rate on the euro will rise by 2% in this situation, the premium will likewise decline (along with future expected value), keeping the interest rate parity constant.
What is interest parity rate?According to the Interest Rate Parity theory, the difference between two currencies' spot and future exchange rates is equivalent to the difference between their respective interest rates.
What is spot exchange rate?The spot exchange rate is the rate at which two currencies are being traded at the moment on the forex market. You can get this exchange rate from financial institutions like banks.
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Everything else held constant, an increase in the excess reserves ratio causes the m1 money multiplier to ________ and the money supply to ________.
The M1 money multiplier decreases and the money supply decreases when the required reserve ratio on checkable deposits rises, all else being equal.
What is the reserve ratio?The percentage of deposits that commercial banks must retain in cash under the guidance of the central bank is known as the cash reserve ratio.
How is reserve ratio determined?The country's central bank, in the instance of the United States, the Federal Reserve, determines the reserve ratio requirement. The calculation for a bank can be obtained by dividing the bank deposits by the cash reserve held with the central bank, and it is expressed as a percentage.What is an example of the reserve ratio?The required reserve ratio is directly correlated to how much a bank expands the money supply. For instance, if a bank has deposits totaling $1,000,000 and a reserve ratio of 10%, it can lend out $900,000.
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Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings and share food and information about the culture of their respective regions. When Evan made his purchase, he received a proprietary lease for his unit. What else did he receive
He would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
What is a proprietary lease?This refers to an occupancy agreement that gives the shareholder in a housing cooperative the right to occupy a particular dwelling unit.
Hence, in the context, Evan would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
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how do our normative positions affect the choices we make individually and society
Our normative positions affect the choices we make by affecting
Who to voteHow to treat people The time and the period to marry.What are normative positions?These are the ways that people are able to come up with new ideas as well as new positions.
It teaches of the various necessary channels that may help one to effect out of the box thinking.
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Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a social media website where its members can vote and provide feedback. Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in _____.
In this scenario, Beau is involved in crowdsourcing.
What is crowdsourcing?Crowdsourcing unites groups of people behind a single project or cause.a speedy method of tackling issues that take a lot of timedeeper involvement of communities that connect and foster adherence to the product or solution.What are the different types of crowdsourcing?Through crowdsourcing, communities can unite around a single project or cause.Effective method for resolving issues that require a lot of timemore community involvement, which resonates and fosters adherence to the product or solutionWhat are the advantages and disadvantages of multiple sourcing?Sharing information can be risky and is not always simple.Less order volume reduces bargaining power, and supplier competition might not be strong enough to produce the same cost savings as volume leverage.The greater the stake your suppliers have in your company, the less responsive they will be in an emergency.Learn more about Crowdsourcing at:
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Conceptual skills refer to the ability to deal effectively with other people, both inside and outside the organization. True or false?.
The given statement is False.
Conceptual abilities seek advice from the potential to deal effectively with different people, each outside and inside the corporation. The ability to see the massive image is at the coronary heart of a supervisor's interpersonal abilities. The capability to jot down and speak efficiently within a company is an instance of interpersonal abilities.
Conceptual competencies consist of the capability to view the organization as a whole, recognize how the various parts are interdependent, and examine how the business enterprise relates to its outside environment. these capabilities allow managers to evaluate conditions and develop alternative courses of action.
those capabilities are critical in the place of the job due to the fact they allow experts to suppose and work through abstract ideas and provide you with multiple answers to complex problems. Conceptual capabilities additionally allow humans to understand how diverse elements of an organization work together to reach common desires.
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Being a convicted felon...
A. ends when your sentence finishes.
B. stays with you for life.
C. is a matter of private record.
Answer:
B.stays with you for life.
Being a convicted felon stays with you for life. Correct option is B. Being a convicted felon is not a temporary status that ends when a sentence finishes.
It is a lifelong label that follows an individual even after completing their sentence. Once a person is convicted of a felony, that conviction becomes a part of their permanent criminal record. This record is accessible to law enforcement, employers, background check agencies, and in some cases, the general public.
The status of being a convicted felon can have significant consequences and implications for individuals even after they have served their sentence. These consequences can include restrictions on employment opportunities, housing, voting rights, access to certain licenses and permits, and even social stigma.
While it is possible to pursue legal avenues for expungement or record sealing in some jurisdictions, and certain rights may be restored in certain cases through a pardon or other legal processes, the conviction itself remains a part of an individual's criminal history.
Therefore, being a convicted felon stays with an individual for life, impacting various aspects of their personal and professional life even after completing their sentence.
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The U.S. produces strawberries in Oregon, but also imports strawberries from Chile. The production costs are lower for strawberries from Chile. Instead of a free trade environment in the U.S., the U.S. government has imposed a value quota. What will the quota on strawberries from Chile do to the U.S. market
The quota on strawberries from Chile to the U.S. market will lower the price of strawberries in the U.S., and increase the number of strawberries sold in the U.S.
What is production?Production is the process of mixing several material and immaterial inputs to create something for consumption. It is the act of producing output, such as a good or service, that has value and contributes to people's utility.Value quota on strawberries:A product's pricing includes both the quantity and the price per unit. The value quota is $1 if five apples are priced at 20 cents apiece.Reduce the price of strawberries in the United States while increasing the number of strawberries sold in the United States.Therefore, Lower the price of strawberries in the U.S., and increase the number of strawberries sold in the U.S.
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Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he should have
The answer here is $420 that should be with Nico.
According to experts, one shouldn't pay more than 20% of net income (i.e., after-tax) toward debt. So, 20% of $2100 is $420. So, the maximum dollar amount of debt payments he should have is $420.
Anything owing by one party to another is a debt. Debt may be secured by real estate, cash, services, or another kind of payment. Debt in the context of finance is more specifically defined as funds obtained via the issuing of bonds. An arrangement wherein one person loans money to another is known as a loan, which is a type of debt.
Therefore he should have $420 to pay off his debt.
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The contribution margin: Group of answer choices decreases as the level of output decreases. changes indirectly to a firm's tax rate changes. has a major effect on the present value break-even point. is dependent upon achieving a minimal level of output. increases as the level of output decreases.
The contribution margin: has a major effect on the present value break-even point.
How Much of a Contribution Margin Is Good?A contribution margin percent or ratio should be as close to 100 percent as possible. The more money is available to pay for the company's fixed expenditures or overhead charges, the higher the ratio.
The contribution margin ratio is most certainly significantly below 100%, most likely at or below 50%.
The contribution margin ratio can be used to assess the profitability of both an organization and a specific product line. It can be determined whether it makes sense for the business to keep selling a certain brand or product at its present pricing by looking at the contribution margin ratio for that brand or product.
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A ____________________ is a strategy of increasing market share for present products in existing markets.
As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.
Airbnb has forever changed the travel and recreation industry. No matter where a traveler goes, they trust that they will have the best vacation experience when booking with Airbnb. Its name is recognizable outside of its customers and the company supplies its marketing and finanical data. Airbnb is an example of _______. a. a global brand b. a brand mark c. a local brand d. brand equity
Airbnb is an example of a global brand.
What is a global brand?The management of a brand around the globe with the goal of boosting its power and awareness in the markets in which it competes is referred to as global branding. This tactic is sometimes referred to as international branding or global branding.What is a brand mark?A brand mark is a symbol, component, work of art, or visual representation that aids in the quick identification of a specific business. It is crucial for creating and preserving a brand's reputation.What is a local brand?A local brand is one that advertises to and targets its goods and services toward a specific group of customers depending on location.What is brand equity?In marketing, brand equity refers to a brand's intrinsic value or the perceived social value of a well-known brand name.Therefore, Airbnb is an example of a global brand.
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One common everyday object, Post-It Notes, is the product of a bootleg project at 3M, Minnesota Mining and Manufacturing. The company allowed researchers to spend 15% of their time on their own ideas. Dr. Silver was ________ and took the time away from his assigned work to develop the idea.
Dr. Silver was empowered and took the time away from his assigned work to develop the idea.
Being personally empowered is taking charge of your life and making choices that will help you achieve your goals. Although it's closely related to qualities like self-esteem and confidence, real empowerment happens when you put your intentions into practice.Simply feeling strong or confident is not enough to qualify as empowerment. A condition of being in which we acknowledge and enjoy our own limitless potential is what true empowerment is.The definition of empowerment is "the process of strengthening and gaining confidence, particularly in directing one's life and asserting one's rights" . But depending on a person's experiences, circumstances, goals, and dreams, empowerment can also mean a variety of different things to various people.Thus the correct answer is empowered.
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The managerial function of controlling is performed only by the controller of a company. includes performance evaluation by management. is concerned mainly with operating a manufacturing segment. is only applicable when the company sustains a loss.
Answer:
oh
Explanation:
The objective of the project planning process is the development of: A. entity relationship diagrams. B. an information systems plan. C. corporate strategic plan. D. a Systems Service Request. E. a Baseline Project Plan and Project Scope Statement.
The objective of the project planning process is the development of a Baseline Project Plan and Project Scope Statement.
Baseline Project Plan and Project Scope StatementAn accepted version of your project's scope, as described in a scope statement, work breakdown structure, and WBS dictionary, is called a scope baseline. Project progress is tracked and results between real and planned are compared using the scope baseline as a reference.A project scope statement gives a thorough explanation of the work that must be done to produce the project's output on time and within budget. It also defines the project's boundaries. All work and only work necessary to finish the project within the budget is included in the project scope statement.The scope statement should be as long as necessary to mitigate the project's main risks.
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Suppose your roommate just invented an electronic pencil that senses when a word being written is misspelled, beeps, and shows the correct spelling on a small screen on the side of the pencil. He figures the pencil can be manufactured for about $5, since the cost of computer chips has dropped so low.
Your roommate comes to you for advice and money. He will make you a 40% owner if you help manufacture and sell the pencils. He asks you to put up $500 for materials for the first 100 units. He asks that you help make and sell the pencils after classes.
Since your roommate is studying electronic engineering, he knows about as much about marketing as you know about electronics. You agree to study the possibilities. You make a list of questions that need to be answered before you commit your $500.
1. What need does this product fill?
2. What is the potential market for the product?
3. What are the target markets for such a product?
4. What type of consumer good is this product?
5. How will you distribute the product?
6. How could the consumer be convinced to purchase the product?
7. What are the other questions that need to be answered before a decision is made?
The need that the electronic pencil fill is the need to erase errors associated with what has been written down digitally.
What is the potential market for the product?The potential market for electronic pencil is the global digital pen market and the global market as a whole.
What type of consumer good is electronic pencil product?The type of consumer good of electronic pencil product is Specialty products.
How will you distribute the product?One can distribute the product via online platforms such as social media, online stores and marketplace, etc.
What are the other questions that need to be answered before a decision is made?The lifespan of the product.Does it have effect to the human skinIs it feasible.Learn more about electronic pencil from
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The Federal National Mortgage Association (Fannie Mae) was originally established to provide a secondary market for FHA-insured and VA-guaranteed loans. All of the following statements regarding Fannie Mae are true EXCEPT: Multiple Choice Fannie Mae lends money directly to homebuyers. Fannie Mae was once a private, self-supporting company with publicly traded stock that has now been placed into conservatorship by the United States government following the mortgage crisis of 2007-2008. Fannie Mae fully guarantees timely payment of interest and principal to investors. Fannie Mae is authorized to buy both conventional home loans and government-sponsored
The statements regarding Fannie Mae loan are true except that A. Fannie Mae lends money directly to homebuyers.
How to illustrate the information?It should be noted that Federal National Mortgage Association (Fannie Mae) was established to provide a secondary market for FHA-insured and VA-guaranteed loans.
Fannie Mae fully guarantees timely payment of interest and principal to investors and is authorized to buy both conventional home loans and government-sponsored
In conclusion, the correct option is A.
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Over a given period of time, if imports are greater than exports, the result is Group of answer choices A trade war. A trade surplus. An embargo. A trade deficit.
trade deficit is the right answer.
A situation where one country buys more from another country than it sells to another: the amount of money that one country's imports exceed its exports.
Simply put, a trade deficit occurs when a country imports more than it exports. A trade deficit is neither good nor bad in itself, but a very large deficit can have a negative impact on the economy.
A trade deficit occurs when a country imports more than it exports. Countries with a trade deficit, also known as the negative trade balance, spend more money than they have earned in international trade with other countries in the world.
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Structural unemployment is caused by: Group of answer choices people losing a job when their skills become obsolete due to technological innovations. people quitting a job just long enough to look for and find another one. a general downturn in the economy. people over 65 who don't really want to work.
Structural unemployment is caused by people losing a job when their skills become obsolete due to technological innovations.
People who wish to work but are unable to obtain job are said to be experiencing structural unemployment. The abilities of the workers and the talents that businesses required do not match in structural unemployment.Because the abilities of the workforce won't change despite advances in technology, if technological breakthroughs improve, there will be structural unemployment.As a result of their inability to keep up with modern technology, they are losing their jobs.What is Structural unemployment?A mismatch between the skills of the jobless and the jobs that are available is referred to as structural unemployment. It differs from cyclical unemployment in that it results from factors other than the business cycle. 1 It happens when an underlying economic shift makes it challenging for some people to find work. It is more difficult to reverse than other forms of unemployment.
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The objective of a(n) system is to provide information about the cost of goods and services sold by the firm and the processes used to produce the goods and services. (Enter only one word per blank.)
the correct answer to be written in the blank is cost management system
cost management system-
Cost control structures are actually the techniques used to assess the effects of selections made due to cost control strategies. Costing structures have 3 number one goals:
offer price statistics for strategic decision making,to offer cost data for operational management, and to measure stock price and price of goods.To control cost with the aid of using the numerous strategies which includes budgetary control, standard costing and stock management.To become aware of costing profit.those are a few of the principle objectives.
There are two primary cost management structures:
- conventional or traditional structures and
- activity based costing
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Which of the following is not true of job-order costing? a.The key document for accumulating manufacturing costs is the job-order cost sheet. b.It is used in firms that produce homogeneous products. c.The cost of each job is accumulated on the job-order cost sheet. d.All of these choices are correct.
The following is not true of job-order costing it is used in firms that produce homogeneous products.
What is Job Order Costing?
Job order costing is a costing method which is used to determine the cost of manufacturing each product. This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
Therefore, we can conclude that all the options A,C, and D . are all characteristics of a job order costing system. It means that option B, it is used in firms that produce homogeneous products, is not a characteristic of a job order costing system.
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When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
When the price of hot dogs decreases, Hot dog consumption increases, and the price drops. This is further explained below.
What is Price elasticity?Generally, a method for determining how much of an impact a change in either supply or pricing has on demand.
In conclusion, Hot dog consumption increases as the price drops. More hot dog buns are needed at the hot dog factory. As a result, there is a greater need for hot dog buns. The cost and availability of hot dog buns will rise as a result.
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