If Product Demand Increases and Product Price Increases

question 75

Multiple Choice

If product demand increases and product price increases

• A) the marginal revenue product curve will shift to the right.
• B) the marginal revenue product curve will shift to the left.
• C) the firm will move up the marginal revenue product curve and hire fewer units of the input.
• D) the firm will move down the marginal revenue product curve and hire more units of the input.

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Definitions:

Sales Message Techniques

Strategies used to craft messages that effectively promote and persuade customers to buy a product or service.

Business Messages

Any form of communication used in a professional setting to convey information, decisions, or updates.

Persuasive Tactics

Strategies or methods employed to convince others to agree with one's views, accept a proposal, or take action.

Emotional Appeals

A persuasive technique that targets the emotions of the audience to elicit a response or convince them of an argument.