Question and answer
Advertising, fashion trends, and new product introductions serve to a. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.
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Asked 12/10/2015 7:33:52 AM
Updated 12/10/2015 7:48:02 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [12/10/2015 7:47:32 AM], Confirmed by jeifunk [12/10/2015 7:47:33 AM]
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User: Advertising, fashion trends, and new product introductions serve to a. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.

Weegy: Advertising, fashion trends, and new product introductions serve to create consumer demand.



User: A business doubled the price of a product in order to increase profits. Which of the following scenarios might have occurred? a. A sharp increase in revenues demonstrated the elasticity of the product. b. A small increase in revenues demonstrated the unit elasticity of the product. c. A dramatic decline in revenues demonstrated the elasticity of the product. d. A dramatic decline in revenues demonstrated the inelasticity of the product.

Weegy: A business doubled the price of a product in order to increase profits. A dramatic decline in revenues demonstrated the elasticity of the product, of the following scenarios might have occurred.
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Marvel2|Points 6260|

User: The Law of Demand states that more of a product will be purchased at lower prices than at higher prices.

Question
Asked 12/10/2015 7:33:52 AM
Updated 12/10/2015 7:48:02 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [12/10/2015 7:47:32 AM], Confirmed by jeifunk [12/10/2015 7:47:33 AM]
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The Law of Demand states that more of a product will be purchased at lower prices than at higher prices. TRUE.
Added 12/10/2015 7:48:02 AM
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