Figure 9-7 -Refer to Figure 9-7.If Trade in Shoes Is Allowed in Shoes

question 30

Multiple Choice

Figure 9-7

-Refer to Figure 9-7.If trade in shoes is allowed in Korea,what will happen to consumer surplus and producer surplus

• A)Consumer surplus will increase, and producer surplus will decrease.
• B)Consumer surplus will decrease, and producer surplus will increase.
• C)Producer surplus and consumer surplus will increase.
• D)Producer surplus and consumer surplus will be unaffected.

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Definitions:

Public Relations

The professional maintenance of a favorable public image by a company, organization, or individual.

Mass Media

Varied forms of media technologies that are intended to reach a large audience by mass communication, including newspapers, television, and the internet.

Not Require Payment

Refers to services or goods provided without necessitating a monetary exchange from the recipient.

Personal-Selling Process

A series of steps that a salesperson follows to sell a product or service, which usually includes pre-approach, approach, presentation, handling objections, closing, and follow-up.