Suppose Over the Next Several Years the Productivity of Firms

question 72

Multiple Choice

Suppose over the next several years the productivity of firms producing electric cars improves dramatically.The advance in productivity leads to

• A) a decrease in the supply of electric cars so that the supply curve shifts leftward.
• B) a decrease in the supply of electric cars so that the supply curve shifts rightward.
• C) an increase in the supply of electric cars so that the supply curve shifts leftward.
• D) an increase in the supply electric cars so that the supply curve shifts rightward.
• E) no change in the supply of electric cars, only a change in the quantity supplied of electric cars.

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Definitions:

Pull Strategy

A marketing approach where a company focuses on creating demand for a product, encouraging consumers to actively seek out and buy the product.

Push Strategy

A marketing approach where businesses push their products to be seen by consumers, typically through advertising and promotions, rather than waiting for consumer interest.

Advertising Campaign

A series of coordinated advertisements with a unified theme, aimed at promoting a product, service, or idea.

Reminder Advertising

A marketing strategy to keep a brand or product in the public's mind, rather than to inform or persuade.