Which of the Following Completes the Sentence,'Consumers Weigh ___________ Word

question 32

Multiple Choice

Which of the following completes the sentence,'Consumers weigh ___________ word of mouth more heavily they do _______ comments'.

• A)negative,positive
• B)positive,positive
• C)positive,negative
• D)negative,negative
• E)none of the above

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Definitions:

Demand Rises

An increase in the quantity of a product or service that consumers are willing and able to purchase at a given price level.

Given Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.

Excess Quantity Demanded

A situation where the quantity demanded of a good or service exceeds the quantity supplied at a particular price.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.