Infomercials Were Made Possible By

question 44

Multiple Choice

Infomercials were made possible by:

• A)the advent of video cameras in mobile marketing.
• B)increasingly gullible consumers.
• C)less expensive ad space on satellite and cable systems.
• D)relaxed network standards for television programs.

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Wages

Wages are the compensation paid to employees for their labor, often calculated on an hourly, daily, or piecewise basis.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price level.