Refer to the Information Provided in Figure 12

question 110

Multiple Choice

Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. Figure 12.4
There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S^{0 and D0.}
-Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, firms in sector X are now ________ and firms in sector Y are now ________.

• A) breaking even; suffering losses
• B) earning profits; breaking even
• C) earning profits; suffering losses
• D) breaking even; breaking even

---

Definitions:

Effective Communication

The delivery of a message in a clear, understandable manner that is received and comprehended by the intended audience.

Super Bowl

A widely viewed annual American football championship game known for its high-profile commercials and halftime entertainment.

Advertisements

Messages aimed at influencing the audience towards buying a product or service through various mediums.

Promotion Alternatives

Different strategies and methods available for promoting a product or service to increase its market presence.