When Prices Are Falling, Which of the Following Terms Do

question 177

Multiple Choice

When prices are falling, which of the following terms do economists use?

• A)disinflation
• B)deflation
• C)a contraction
• D)an inverted inflation

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Definitions:

Market Penetration

A strategy to increase sales of existing products or services on current markets, thereby increasing the market share.

Chocolate Chip Cookie Dough

An uncooked blend of ingredients used to make chocolate chip cookies, often enjoyed as a snack.

Increased Promotion

A strategy involving the intensification of marketing efforts to boost awareness, interest, and sales of a product or service.

Tort

An act of civil injustice that leads to loss or injury for the victim, making the perpetrator legally responsible.