When income increases by 6 percent, the demand for potatoes decreases by 2 percent. The income elasticity of demand for potatoes equals

The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. The difference between the two curves equals

A) market income. B) money income. C) the redistribution of income. D) the amount of taxes paid.

Brand management refers to

A) the efforts to maintain the differentiation of a product over time. B) selling the right to use a brand name in a particular market. C) picking a brand name for a new product that will attract attention. D) efforts to reduce the cost of production.