If Sanctions Are Imposed on Buyers but NOT on Sellers

question 54

Multiple Choice

If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price ________ and the equilibrium quantity ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases

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Definitions:

Order Form

A document used by customers to specify the details of the products or services they wish to purchase.

Sales Manuals

Comprehensive guides that provide sales representatives with information and strategies to effectively sell a product or service.

Dramatization

A technique in advertising or presentations that uses dramatic elements to capture attention and convey a message in an impactful way.

Prestige Proof Statement

A marketing or sales statement that is designed to associate a product, service, or company with high status, credibility, or quality in the minds of potential buyers.