When a falloff in usage of a product by some consumers causes others to stop purchasing the item there is
A) a dominant effect.
B) a negative-sum game.
C) positive market feedback.
D) negative market feedback.
Answer: D
Economics
You might also like to view...
Generally, when there is asymmetric information
A) a lender will only lend to the government. B) a lender will only lend to well-known borrowers. C) practical solutions are devised to allow lending to take place. D) a lender will cease all lending activities.
Economics
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 1/3 of a cappuccino. B. 6 cappuccinos. C. 9 cappuccinos. D. 3 cappuccinos.
Economics