IPod Is the ____ of the MP3 Player Made by Apple

question 82

Multiple Choice

iPod is the ____ of the MP3 player made by Apple, Inc.

• A) trade name
• B) brand mark
• C) trade label
• D) brand
• E) identifier

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Definitions:

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Price

The financial contribution expected, compelled, or made in payment for something.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes.

Decrease in Supply

This occurs when there is a reduction in the quantity of a good or service that producers are willing and able to supply at all possible prices.