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Author Question: Consumers exchange their money, time, and effort for the bundle of benefits the service offers. ... (Read 239 times)

serike

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on: Jun 28, 2018
Consumers exchange their money, time, and effort for the bundle of benefits the service offers. Economic theory suggests that consumers will have a(n) ____ that captures the value they place on these benefits.
 A) lower price threshold
  B) reservation price
  C) consumer surplus
  D) image value
  E) product value

Question 2

In many buying situations, customers will buy one product because it complements another product. In these cases of __________ demand, the demand of one product depends on the demand of another product.
 A) linked
  B) dependent
  C) quasi-
  D) conjoined
  E) derived


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Loise Hard

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Reply #1 on: Jun 28, 2018
Answer to Question 1

B

Answer to Question 2

E


serike

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Reply #2 on: Jun 28, 2018
Thank you


Loise Hard

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Reply #3 on: Jun 28, 2018
No problemo


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