You Are Planning to Open a New Italian Restaurant in Your

question 206

Multiple Choice

You are planning to open a new Italian restaurant in your hometown where there are three other Italian restaurants.You plan to distinguish your restaurant from your competitors by offering northern Italian cuisine and using locally grown organic produce.What is likely to happen in the restaurant market in your hometown after you open?

• A)Your competitors are likely to change their menus to make their products more similar to yours.
• B)The demand curve facing each restaurant owner shifts to the right.
• C)The demand curve facing each restaurant owner becomes more elastic.
• D)While the demand curves facing your competitors becomes more elastic, your demand curve will be inelastic.

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Definitions:

Rote Rehearsal

A memorization technique that involves repeating information over and over again to embed it in memory.

Sensory Memory

The shortest-term element of memory that allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Problem Solution

A method or process of solving an issue or overcoming a challenge.

Cultural-Familial Disability

Intellectual disabilities thought to arise from a combination of environmental and genetic factors, primarily within lower socio-economic groups.