Why do the sellers of some whiskeys pay for advertisements to tell people their whiskey is extremely expensive?
A) Because the sellers either do not know or do not accept the law of demand
B) To allocate the product to people who will most appreciate it
C) To increase the demand
D) To lower the demand and keep production costs low
E) To prevent "price shock" among potential customers
C
You might also like to view...
An example of the command-and-control approach to environmental policy is:
a. allowing individuals to sue freon producers if CFC emissions exceed a government-set standard. b. allowing coal producers to buy and sell permits to allow CFC emissions. c. placing a tax on freon to reduce its use and the corresponding CFC emissions (which contribute to the ozone hole). d. none of these.
Compared to proportional-representation systems, two-party systems are thought to lead to:
A. more centrist politics. B. less centrist politics. C. a greater variety of policy getting passed. D. very little legislation actually getting passed.