The "demonstration effect" created by advertising:
a. manipulates consumer needs for trivial products
b. creates urges among consumers to buy products previously unknown to them.
c. conveys misleading claims to the consumer.
d. none of the above
b
Economics
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The budget line is a(n):
a. convex curve. b. vertical line. c. concave curve. d. downward-sloping straight line. e. upward-sloping straight line.
Economics
If nuts and bolts are complements, an increase in the price of nuts caused by a change in the supply of nuts will a. increase the number of bolts sold. b. decrease the demand for nuts c. increase the price of bolts
d. decrease the number of bolts sold
Economics