If Promotion Does Not Do Its Job of Stimulating Demand

question 9

Multiple Choice

If promotion does not do its job of stimulating demand, then the

• A) price of the promoted product is likely to increase.
• B) price of the promoted product will remain reasonably stable.
• C) price of the promoted product will decrease.
• D) cost of promotion will decline.
• E) cost will remain about the same.

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Definitions:

Microeconomics

The branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold.

Voter Identification

Laws or measures requiring individuals to present specified forms of identification in order to vote, aimed at preventing voter fraud.

Positive Economics

An area of economics that focuses on factual and cause-and-effect relationships, avoiding any value judgments.

Labor Economics

A branch of economics that studies the dynamics of the markets for wage labor, including demand and supply, wage determination, and labor productivity.