Use the Following Graph to Answer the Following Questions

question 29

Multiple Choice

Use the following graph to answer the following questions.

-If point A occurs chronologically before point B,then this graph could represent

• A) a decrease in aggregate demand with a decrease in long-run and short-run aggregate supply.
• B) an increase in aggregate demand with constant long-run and short-run aggregate supply.
• C) a decrease in aggregate demand with constant long-run and short-run aggregate supply.
• D) constant aggregate demand with a decline in long-run aggregate supply.
• E) constant aggregate demand with a decline in short-run aggregate supply.

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Definitions:

Resellers

Retailers and wholesalers that buy finished goods and resell them for a profit.

Product Life Cycle

The phases a product experiences starting from its creation and launch into the market, followed by its growth, peak, and finally its reduction in popularity and sales.

Promotion

The activities designed to inform, persuade, or remind target audiences about a product, service, or brand.

High-Learning Products

Products that take longer for consumers to see the benefits of or that do not have a good infrastructure in place to support them.