When the demand curve shifts rightward and the supply curve shifts leftward, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; decreases
B) falls; increases
C) rises; probably changes but the direction of the change cannot be determined
D) probably changes but the direction of the change cannot be determined; increases
C
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Firms owning brand names like Coca-Cola that are so well known continue spending hundreds of millions of dollars on advertising
Since this doesn't seem to be an effort to increase consumer awareness what is the possible explanation for this behavior?
Which of the following can increase customer awareness?
a. Advertising b. Promotional activities c. Service d. All of the above
Company towns have situated largely in the
A. East. B. South. C. Midwest. D. West.
The problem created by "scarcity":
A. is not a concern for the top income earners. B. applies to everyone because in general resources are limited. C. could be solved if more people worked overtime. D. is an individual concern but not a concern on the macro level.