Wilkinson Sword Exchanged Some of Its Knives for Advertising Used

question 28

Multiple Choice

Wilkinson Sword exchanged some of its knives for advertising used to promote its razor blades. This is an example of

• A) barter.
• B) reciprocal pricing.
• C) virtual pricing.
• D) balance of payments.
• E) value pricing.

---

Definitions:

Supply Decrease

A reduction in the quantity of a good or service that producers are willing and able to offer at any given price.

Demand Decrease

A situation where there is a reduction in the quantity of a good or service that consumers are willing and able to purchase at any given price.

Equilibrium

A condition or state in which economic forces are balanced, such as the point where supply equals demand.

Market Clear

A situation in which the market reaches a state where quantity supplied equals quantity demanded, leaving no surplus or shortage.