According to the Output Effect of a Factor Price Increase

question 96

Multiple Choice

According to the output effect of a factor price increase, the demand for

• A) the factor whose price has increased will decrease, but the demand for the other factors will increase.
• B) all factors decreases.
• C) all factors increases.
• D) the factor whose price has increased will increase, but the demand for the other factors will decrease.

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Definitions:

Advertising Emphasis

The focus or priority placed on advertising efforts within a company's overall marketing strategy.

Selective Demand

Demand for a specific brand or product without regard for available substitutes, often as a result of successful branding.

Product Life Cycle

The sequence of stages that a product moves through, starting from its introduction, advancing to growth, reaching maturity, and finally declining in the market.

Growth Stage

A phase in the product life cycle characterized by rapid market expansion, increased sales, and the successful establishment of a product in the market.