Use the Following to Answer Question

question 31

Multiple Choice

Use the following to answer question:
-(Figure: Kristin's Budget Line) Use Figure Kristin's Budget Line.The price of a cup of cappuccino is $3,and the price of an apple is $1.Suppose Kristin initially consumes 10 cups of cappuccino and 30 apples.Then the price of apples increases to $3 each and the price of cappuccino remains unchanged.As a result of this price change,Kristin's optimal consumption bundle is now 9 cups of cappuccino and 11 apples.If Kristin's income could be adjusted so that she could maintain her initial level of utility after the price change,she would consume more cappuccino and more apples.This reflects:

• A)a substitution effect from the price change and an income effect from the income change.
• B)the substitution effect alone.
• C)the income effect alone.
• D)neither a substitution nor an income effect.

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Definitions:

Social Selling Platform

An online tool or medium that enables sales professionals to extend their network, engage with prospects, and achieve sales through social networks.

Customer Advocacy

It involves promoting and selling products or services through dedicated customers who voluntarily advocate on behalf of the brand.

Team Selling

Sales approach in which the sales representative organizes experts from across the extended firm to support new-customer acquisition and ongoing customer relationship management.

Sales Management

The process of planning, directing, and controlling the sales activities of an organization to achieve sales objectives and contribute to the company's profitability.