Suppose that a successful advertising and promotion campaign occurs for apples. Given this successful campaign, it is likely that:
A) The quantity of apples sold will fall and the price of apples will fall.
B) The quantity of apples sold will fall and the price of apples will rise.
C) The quantity of apples sold will rise and the price of apples will fall.
D) The quantity of apples sold will rise and the price of apples will rise.
Answer: D
You might also like to view...
Which of the following is most likely to cause an increase in demand for land?
a. A large study confirms that citrus fruits have anticancer properties. b. A social media celebrity popularizes outdoor meditation rituals. c. College graduates typically buy their first home in their early thirties. d. The national park saw an increase in overnight visitors this season.
If the farmer is producing 5000 bushels of soybeans at point B in the figure above, we know that
A) the farmer is not using his resources efficiently. B) the farmer is using his land to produce a crop other than soybeans or corn. C) the farmer must be using more land than was used in constructing the production possibilities curve. D) the farmer is using his resources efficiently.