QUESTION IMAGE
Question
at a lemonade stand, if the cost was high and the demand was low, what should the seller do to the cost?
keep cost the same
not enough information
raise cost
lower cost
When costs are high and demand is low for a lemonade stand, lowering costs can help reduce losses, and may allow the seller to potentially lower prices to stimulate demand. Keeping costs the same maintains high expenses with low revenue, raising costs would worsen the financial strain, and there is sufficient information to make this determination.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
lower cost