The Figure Below Shows the Demand (D) and Supply (S)

question 98

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-If $1 was equivalent to 120 Japanese yen in 2008 and 125 Japanese yen in 2010, it implies in 2010, there was:

• A)a depreciation of the dollar against the yen.
• B)a depreciation of the yen against the dollar.
• C)an appreciation of the yen against the dollar.
• D)no change in the value of yen, but the dollar had weakened.
• E)no change in the value of dollar, but the yen had strengthened.

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Definitions:

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth and maturity, and eventually decline and withdrawal.

Introduction Stage

The phase in the product life cycle where a new product is launched into the market, characterized by low sales and potentially high costs.

Stimulate Trial

Marketing efforts aimed at encouraging potential customers to try a product or service for the first time.

Vaginismus

A condition where there is an involuntary contraction of the vaginal muscles, making penetration painful or impossible.