If the Price of Ice in a Hurricane-Devastated Area Suddenly

question 32

Multiple Choice

If the price of ice in a hurricane-devastated area suddenly skyrockets, then ice suppliers will:

• A) enjoy high profits at the expense of consumers.
• B) limit the supply of ice in the area to sustain the skyrocketing price.
• C) ship more ice to the area and the price will fall.
• D) have an incentive to direct ice to its highest-valued uses.

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Definitions:

Individual Branding

A marketing strategy where each product in a portfolio is given its own unique identity and brand name.

Manufacturer

An entity engaged in the production of goods through the processing of raw materials or assembly of components, often on a large scale.

Local Language

The language or dialect spoken by the original or main population in a particular region or community.

Rural Regions

Areas that are located outside cities and towns, often characterized by low population density and agricultural or natural landscapes.