After Running a Promotional Campaign,the Owners of a Local Shoe

question 2

Multiple Choice

After running a promotional campaign,the owners of a local shoe store decided to decrease the prices for the shoes sold in their store.One can imply that

• A)The promotional expenditures made the demand for their shoes more elastic
• B)The promotional expenditures made the demand for their shoes more inelastic
• C)The promotional expenditures has no effect on the shoe demand elasticity
• D)The owners got it wrong.To cover the promotional expenses,they should have raised the prices.

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Definitions:

Submissive Behaviors

Actions that indicate a willingness to yield to the control or authority of others, often demonstrated by passivity or deference.

Milgram Study

A controversial psychological experiment conducted by Stanley Milgram, which aimed to measure the willingness of participants to obey authority figures, even when actions conflicted with personal conscience.

Victim

An individual who suffers harm, injury, or is subjected to a negative action by another individual or as a result of circumstances.

Obey

To follow the commands or guidance of someone or something.