Suppose John Just Won the Mega Millions Lottery Jackpot

question 82

Multiple Choice

Suppose John just won the Mega Millions lottery jackpot. What can we assume about his demand?

• A) His demand for normal goods will increase.
• B) His demand for inferior goods will increase.
• C) His demand for normal goods will decrease.
• D) His demand for normal goods will stay the same.

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Definitions:

AIDA Format

A marketing model that stands for Attention, Interest, Desire, and Action, used to guide the content of advertising and marketing materials.

Application Letter

A cover letter that goes along with a résumé, explaining to the recipient what is being sent, the purpose behind sending it, and the advantages they can gain by reviewing it.

AIDA Plan

A marketing strategy model that stands for Attention, Interest, Desire, and Action, used to guide advertising and sales tactics.

Application Letter

A document sent with one's resume to provide additional information on one's skills and experience, typically for a job application.