Which of the following is true about advertising by a firm?
a. It is not always successful in increasing demand for a firm's product.
b. It attempts to increase demand and to make demand more inelastic.
c. It may reduce per unit costs of production when economies of scale are experienced.
d. All of these.
d
Economics
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Demand curves slope ________ because as the price increases and other things remain the same, the quantity demanded ________
A) downward; decreases B) downward; increases C) upward; decreases D) upward; increases E) downward; does not change
Economics
Financial markets and financial intermediaries comprise the financial system
Indicate whether the statement is true or false
Economics