Consumers Benefit from Advertising

question 31

Multiple Choice

Consumers benefit from advertising:

• A)only when they gain information.
• B)if the advertising is not persuasive.
• C)because it leads to lower prices for some products.(True Answer )Correct
• D)when the advertising is being used as a signal.

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Definitions:

Supplied

Refers to the amount of a good or service that producers are willing and able to sell at a given price.

U.S. Tariff

Taxes imposed by the United States government on imported goods to protect domestic industries or to generate revenue.

Steel

A hard, strong alloy made primarily of iron and carbon, often used in construction and manufacturing.

Domestic Quantity

The amount of a product or service produced within a country's borders.