Which of the Following Would Not Be an Expected Response

question 110

Multiple Choice

Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of the aggregate-demand curve?

• A)When interest rates fall, In-and-Out Convenience Stores decides to build some new stores.
• B)The exchange rate falls, so French restaurants in Paris buy more Kansas beef.
• C)Tyler feels wealthier because of the price-level decrease and so he decides to remodel his kitchen.
• D)With prices down and wages fixed by contract, Fargo Concrete Company decides to lay off workers.

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Definitions:

Hierarchy Of Effects

A model describing the stages a consumer goes through, from awareness to knowledge, liking, preference, conviction, and finally purchase.

Need Recognition

The first stage in the consumer buying process, where a potential buyer realizes a difference between their current state and a desired state.

Evaluation

The systematic assessment of the performance, value, or importance of something.

Marketer-Controlled Sources

Marketer-controlled sources refer to the channels and content fully controlled by the marketer, such as company websites, press releases, and branded advertising materials, used to communicate with the audience.