The union voted to lend ____ support to proposed contract changes
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The prices of the Ralph Lauren clothing line are considerably higher than those of comparable-quality lines. Yet this brand sells more than a J.C. Penny brand of clothing. Does this violate the law of demand?
No, this situation does not necessarily violate the law of demand. The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service decreases, and vice versa. However, there are factors other than price that can influence consumer demand.
In the case of the Ralph Lauren clothing line selling more than a J.C. Penney brand of clothing, there could be several reasons for this:
Brand perception and reputation: Ralph Lauren has established a strong brand image and reputation over the years, associated with quality, luxury, and prestige. Consumers may be willing to pay higher prices for Ralph Lauren products due to their perceived value and status associated with the brand.
Different target markets: Ralph Lauren and J.C. Penney may have different target markets and customer segments. The customers who prefer Ralph Lauren may be more willing and able to pay higher prices for the brand's products, while J.C. Penney may cater to a more price-sensitive market segment.
Product differentiation: The Ralph Lauren clothing line may offer unique designs, styles, or features that differentiate it from other brands, including J.C. Penney. The perceived value and exclusivity of these unique aspects can justify the higher prices and attract consumers who value those specific attributes.
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Lenders are prohibited from
Answer:
Considering borrowers' race, sex, and national origin
Explanation:
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