Refer to the Graphs

question 218

Multiple Choice

Refer to the graphs. Suppose a firm is currently producing 500 computers per week and charging a price of $1,000. How will the firm respond to a positive demand shock if prices are inflexible?

• A) The firm will increase production to 650 computers per week and charge a price of $1,000.
• B) The firm will continue to produce 500 computers per week and charge a price of $1,000.
• C) The firm will cut production to 300 computers per week and charge a price of $1,000.
• D) The firm will cut production to 300 computers per week and charge a price of $600.

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The practice of marketing oneself and one's career as brands, emphasizing unique attributes and building reputation online and offline.

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