A successful advertising campaign would likely
a. increase price elasticity of demand by stressing the uniqueness of the product
b. reduce price elasticity of demand by stressing the uniqueness of the product
c. reduce price elasticity of demand by informing consumers of the availability of substitutes
d. not alter the demand curve
e. generally make the demand curve shift inward
B
You might also like to view...
What is meant by optimization? How does optimization by levels differ from optimization by differences?
What will be an ideal response?
If a firm shuts down, its
A. fixed costs remain unchanged. B. revenue will fall to zero. C. short-run variable costs will fall to zero. D. All of the responses are correct.
You would expect that your firm is experiencing increasing returns to scale if
a. Long run average costs increase with output b. Long run average costs decrease with output c. Long run average costs are constant with respect to output d. None of the above
Most older persons regularly spend more than their current disposable income. How is this possible?
a. They receive government transfer payments. b. They work to supplement their retirement income. c. They borrow and increase their debt levels. d. They withdraw funds from accumulated wealth.