Author Question: In stores, it is common to find seasonal products marked down when the season ends. What explains ... (Read 247 times)

cherise1989 · **on:** Jun 30, 2018

In stores, it is common to find seasonal products marked down when the season ends. What explains this behavior?

A) The store is trying to increase its customers' demand for the product.
B) The store manager must be trying to drive away customers by selling low quality products.
C) The store is trying to sell the goods and realizes that they are substitutes for other goods whose prices have risen.
D) The law of demand is being used to increase the quantity demanded.
E) The store is trying to increase its consumers' incomes by increasing their purchasing power.

Question 2

Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from

A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.