The Sudsy Soda Company will not sell its soft drinks to a restaurant unless that business also buys paper cups from Sudsy. This requirement is an example of
A) product versioning.
B) tie-in sales.
C) price differentiation.
D) complementary pricing.
Answer: B
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List the factors that change demand and shift the demand curve. Tell what happens to demand and the demand curve when there is an increase in the factor
What will be an ideal response?
Economic profit is defined as
a. total revenue minus implicit costs b. total revenue plus explicit costs c. total revenue plus implicit costs d. wages plus interest minus rent e. total revenue minus implicit and explicit costs
What type of economics would most typically deal with aggregates?
A. macroeconomics B. microeconomics C. financial economics D. normative economics
The difference between the ________ for a good and the ________ is called consumer surplus
A) highest price a consumer is willing to pay; lowest price a consumer is willing to pay B) lowest price a consumer is willing to pay; price the consumer actually pays C) highest price a consumer is willing to pay; price the consumer actually pays D) price the consumer actually pays; actual cost to the producer