Responding to Increased Demand with Steep and Unwarranted Price Increases

question 216

Multiple Choice

Responding to increased demand with steep and unwarranted price increases is called

• A) unit pricing.
• B) demand pricing.
• C) price fixing.
• D) price gouging.
• E) price leadership.

Recognize the value of learning to write sales and persuasive messages for professional communication and consumer awareness.

Identify the structure and focus of effective sales messages, including the number of selling points to maintain reader interest.

Distinguish between the characteristics of online sales messages and direct-mail messages.

Apply the appropriate organizational strategy in writing persuasive requests.

---

Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at various price levels.

Aggregate Demand

The comprehensive market demand for all types of goods and services within an economy, pegged at a certain price level throughout a specific time period.

Future Generations

Refers to the people who will live in the future, whose interests are considered in various aspects of planning and policy-making, especially in environmental and sustainability contexts.

Keynesian Analysis

An economic approach that emphasizes the role of aggregate demand in influencing economic output and inflation.