Answer the Question Based on the Following Table, Which Shows

question 108

Multiple Choice

Answer the question based on the following table, which shows a demand schedule. At a price of $2, the total revenues of sellers will be

• A)$21.
• B)$17.
• C)$38.
• D)$9.5.

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Definitions:

New Markets

Refers to newly identified or created market segments or geographical areas where a company can promote and sell its products or services.

Expansion

The process of increasing the size, volume, number, or scope of a business or its activities.

Brand Extension Strategy

A marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category.

High Brand Equity

The value a brand adds to a product or service, reflected in consumer recognition, loyalty, and willingness to pay a premium.