-When an Oligopolistic Firm Advertises Its Products,its Demand Curve Shifts

question 95

Multiple Choice

-When an oligopolistic firm advertises its products,its demand curve shifts rightward because

• A) its products are now cheaper.
• B) other firms also advertise their products.
• C) customers may switch brands in favour of the advertised products.
• D) new customers who did not previously use the products may now purchase the advertised products.
• E) customers may switch brands in favour of the advertised products,and new customers who did not previously use the products may now purchase the advertised products.

---

Definitions:

Seek Therapy

involves the process of actively looking for and engaging in therapeutic services to address and manage mental health issues or personal challenges.

Correlational Method

A non-experimental research method that measures the relationship between two or more variables without manipulating them, to determine if and how they are related.

Multiple Variables

Involves considering more than one variable at a time to analyze and understand the relationships among them.

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive psychological test for personality and psychopathology.