Assume That the Price of Rubber Increased at the Same

question 90

Multiple Choice

Assume that the price of rubber increased at the same time that Michael Jordan,arguably the best NBA basketball player of all time,became famous.What do you expect to happen to the equilibrium price and equilibrium quantity of the basketball shoes that are promoted by Michael Jordan?

• A) Equilibrium price will go up and equilibrium quantity will go down.
• B) Equilibrium price will go up and equilibrium quantity will go up.
• C) Equilibrium price will go down and equilibrium quantity will be indeterminate.
• D) Equilibrium price will go down and equilibrium quantity will go up.
• E) Equilibrium price will go up and equilibrium quantity will be indeterminate.

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Definitions:

FAB Presentation

A selling approach focusing on Features, Advantages, and Benefits of a product or service to persuade customers.

Referral

A recommendation from one person to another, directing someone towards a particular service, product, or professional.

Complimentary

Given free of charge, often as a courtesy or for promotional purposes.

Introductory

Pertaining to the beginning or initial phase of something, often used to describe the first exposure to a topic or the initial version of a product.