In addition to shifting its demand curve to the right, a firm may engage in advertising in order to
a. make its demand curve more elastic
b. increase the elasticity of its supply curve
c. discourage competition
d. make its demand curve less elastic
e. decrease consumer awareness
D
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The budget constraint represents:
a. all possible consumption combinations of goods that someone can afford when all income is spent. b. a single consumption combination of goods that someone can afford when all income is spent. c. all possible consumption combinations of goods that someone can afford when disposable income is spent. d. all possible consumption combinations of goods that society can afford when all income is spent.
If every country specializes in what it produces best and then trades, more will be produced than if each country tries to produce everything for its own needs.
Answer the following statement true (T) or false (F)
Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 5 percent, an initial deposit of $10,000 will lead to a total increase in deposits of:
A. $500. B. $10,000. C. $50,000. D. $200,000.
Monetarists argue that the amount of money the public will want to hold depends primarily on the level of:
A. Nominal GDP B. Investment C. Consumption D. Prices