Can someone please help me with these 3 questions, thanks. Test Information Mult

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Can someone please help me with these 3 questions, thanks. Test Information Multiple Attempts Not allowed. This test can only be taken once Force Completion This test can be saved and resumed later Question Completion Status: &Moving; to another question will save this response Question 12 An independent query of experts where each is given feedback of the others comments is what type of forecasting method e Panel consensus O Delphi O Market survey Historical analogy Both A and Moving to another question wil save this response. Question

Explanation / Answer

Question 12. Correct answer : E. Both A and B.

Explanation: In panel consensus, experts or members provide opinions in a group as a whole and reach to a conclusion. This type of method mainly includes discussions, where people discuss each other's comments and conclude to a best answer.
In Delphi method of forecasting, experts are provided questionnaires, in more than one round or more than one times, after each round, when experts give their comments or opinions, they again get to change or revise answers of each other untill they reach to the best conclusion.
In both the method, experts review other's comments.

Question 10. Correct option D. Price increases and quantity decreases.

Explanation: sugar and coffee are complementary goods.
Complementary goods, are those goods which are used together or associated with each other. E.g. car and gas, ink and pen etc.
When price of one good rises, quantity of another decreases, hence quantity of coffee will fall.
and price of coffee will also rise, because now it would be costly to prepare coffee with expensive sugar.

Question 17. Correct answer: D. Price decreases and quantity increases.

Explanation: if the cost of making coffee decreases, producing coffee becomes less expensive. At any given price for selling coffee, sellers can now expect to earn higher profits, so they will supply a higher quantity at low price.

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