The What Went Wrong? Feature in Chapter 7 Focuses on Green

question 3

Multiple Choice

The What Went Wrong? feature in Chapter 7 focuses on Green Planet Juicery, a smoothie drink restaurant that went out of business. According to the feature, the primary reasons that Green Planet Juicery went out of business were:

• A) accounting and financial mistakes
• B) management and legal snafus
• C) marketing mistakes and financing snafus
• D) legal snafus and poor feasibility analysis
• E) failure to incorporate and financing mistakes

Comprehend the law of supply and the law of demand.

Identify the consequences of changes in factors other than the good's own price on supply and demand.

Understand how changes in the price of complementary and substitute goods affect demand.

Recognize the effects of income changes on the demand for normal and inferior goods.

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