Refer to the Accompanying Figure

question 50

Multiple Choice

Refer to the accompanying figure.If there is a $700 government-imposed price antigouging law imposed on generators,how will the market be affected in the short run?

• A) There will be a shortage of 200 generators.
• B) There will be a shortage of 100 generators.
• C) The government will intervene and order a surplus of 100 generators.
• D) Price gougers will enter the market and provide a surplus of 100 generators.
• E) No changes will occur in the market,since anti-price-gouging laws are now in effect.

Understand the components of the marketing mix and how they apply to different business scenarios.

Comprehend the evolution of marketing concepts and the introduction of frameworks such as the S.A.V.E. model.

Identify the role of promotion within the marketing mix.

Recognize how product features and benefits fit within the marketing mix.

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