If Some Coffee Drinkers Continue to Buy Ricoffy Even When

question 36

Multiple Choice

If some coffee drinkers continue to buy Ricoffy even when Nescafé coffee is on sale and cheaper, it may be a result of

• A) irrational consumer behaviour.
• B) a high cross elasticity between the two goods.
• C) brand loyalty.
• D) Ricoffy being a monopoly.

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Definitions:

Canadian Government

The political system of Canada, characterized by its parliamentary democracy and constitutional monarchy.

Indigenous Child

A child belonging to the original inhabitants of a region or country before colonization or settling of other groups.

Foster Family

A household in which children are raised by individuals other than their biological parents, often as part of a formal arrangement with a child welfare system.

1980s

The decade spanning from January 1, 1980, to December 31, 1989, characterized by significant political, technological, and cultural changes worldwide.