Recently It Has Been Discovered That Lobsters Grown on Lobster

question 221

Multiple Choice

Recently it has been discovered that lobsters grown on lobster farms can feed on algae, which is a cheaper lobster food.As a result of this discovery,

• A)the supply curve for lobster will shift to the left
• B)the supply curve for lobster will shift to the right
• C)there will be an increase in the quantity of lobsters supplied
• D)there will be a decrease in the quantity of lobsters supplied
• E)both supply and demand curves will shift to the right

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Relationship Marketing

Developing and maintaining long-term, cost-effective exchange relationships with partners.

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The buying and selling of goods and services, or the transmission of funds or data, over an electronic network, primarily the internet.

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The practice of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors.

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A marketing strategy that involves dividing the market based on how consumers intend to use the product.