If the Principal Effect of Advertising Is to Convey Information

question 109

Multiple Choice

If the principal effect of advertising is to convey information about the existence of new products, then this:

• A)usually confuses consumers about market competition
• B)reveals information that is of little value to consumers
• C)enhances the ability of markets to allocate resources efficiently
• D)increases elasticity of demand

---

Definitions:

Homeless Population

Individuals who lack stable and permanent housing, including those living on the streets, shelters, or in temporary accommodations.

Caste System

A form of social stratification where individuals' status is fixed at birth based on their parents' occupation and community membership, notably present in India.

Class System

A system of social stratification based on economic or social status, where individuals are grouped into hierarchical categories.

Social Mobility

The ability of individuals or families to move up or down the social ladder within a society, which can be a sign of a society's level of equality.