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:

Moderate

To lessen the extremity of something, making it less severe, violent, or intense, or to act as an intermediator in a dispute.

Continuous

Uninterrupted in time, sequence, substance, or extent; without cessation or gaps.

Self-disclosure

The act of sharing personal, private, or sensitive information about oneself with others, often used to build trust and intimacy in relationships.

Therapeutic Relationship

The professional and compassionate bond between a therapist and their client, crucial for effective therapy.