Which Statement Is True

question 4

Multiple Choice

Which statement is true?

• A)Sales of kosher foods became more elastic from 1996 to 2002 because the products have begun to be purchased for health reasons as well as religious reasons.
• B)Higher taxes on cigarettes have virtually no effect in reducing sales.
• C)Advertising can shift a demand curve but has no real effect on elasticity.
• D)None of these statements are true.

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Definitions:

Industry Standards

Established norms and guidelines that practitioners and firms within an industry follow to ensure quality, safety, and efficiency.

Financial Statement Analysis

The process of reviewing and analyzing a company's financial statements to make better economic decisions.

Condemnation

The process by which government or authorized entities can take private property for public use, with compensation to the owner.

Expropriation

The act of a government taking privately owned property to be used for the benefit of the public, usually with compensation.