Which of the following examples of product differentiation uses physical differences?
a. One syrup brand uses added sugars, while another use 100 percent maple syrup.
b. J & B’s Tavern does more business than other taverns in the city because it is near a ballpark.
c. Sterling, Inc. has a stellar reputation as the best cutlery on the market.
d. Jeremy uses a pet store because it has better service than its major competitor.
a. One syrup brand uses added sugars, while another use 100 percent maple syrup.
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Explain how nonrecourse loans operate and how they help to support crop prices
A prudent person is most likely to find the use of financing attractive when purchasing which one of the following items?
What will be an ideal response?
The equation of exchange states that the relationship among the money supply (M), the price level (P), the velocity of money (V) and real output (Y) is
a) MP = VY b) M/P = YV c) PV = MY d) MV = PY e) Y/V = MP
Assume that airline tickets are a normal good. Prices of commercial airline tickets have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen. Which of the following best explains the falling
prices of airline tickets? A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right. B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left. C) The demand curve and the supply curve for airline tickets have both shifted to the right. D) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left.