Which of the Following Was Discovered in Caplowitz's Landmark 1960

question 42

Multiple Choice

Which of the following was discovered in Caplowitz's landmark 1960 study in New York City?

• A) Middle class consumers are much more likely to be cheated by retailers than poor consumers
• B) Poor consumers pay more for the same or inferior products than do middle class consumers
• C) Retailers market higher quality goods in poor neighborhoods because they know the poor pay more
• D) Middle class consumers get inferior goods from retailers because they pay less than the poor

Recognize the role of consumer expectations and preferences in shaping market demand.

Discern the distinction between normal goods and inferior goods in relation to income changes.

Comprehend the impact of technological advancements and production costs on supply.

Understand how changes in income affect demand for different types of goods.

---

Definitions:

Executive Agencies

Parts of the government responsible for the daily administration and enforcement of federal laws.

Cabinet-Level Agencies

Agencies of the U.S. federal government that are under the direct authority of a Cabinet secretary, who serves at the discretion of the President and is part of the Executive branch.

Subpoena Duces Tecum

An order to appear and bring specified documents.

Writ Of Certiorari

A Supreme Court order, issued after the Court decides to hear an appeal, mandating that the lower court send to the Supreme Court the record of the appealed case.