Which of the Following Might Be an Example of an Economic

question 441

Multiple Choice

Which of the following might be an example of an economic argument against advertising? ​

• A)​It causes the demand for the good to be more elastic
• B)​It allows the producer to earn an economic profit in the long run
• C)​People may be deluded into thinking that a good with a brand name is better than an otherwise identical generic brand
• D)​The claims made in the ads are almost always false

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Definitions:

Familiar Stimuli

Environmental cues or objects that are recognized due to previous exposure or experience.

Novel Stimuli

New or unfamiliar stimuli that attract attention due to their difference from the usual environment.

Non Romantic Settings

Environments or contexts not associated with or conducive to love or romance, often focusing on platonic or professional interactions.

Good Looks

The physical attractiveness of an individual, often based on societal standards of beauty and aesthetic appeal.