If advertising were used to strengthen brand loyalty, you would expect:
a. demand for the product to become more elastic.
b. consumers to become less sensitive to price differences among similar goods.
c. firms to lower price in order to increase revenue.
d. that consumer demand for related products would be unaffected.
Question 2
A legislature that fishing nets to have holes large enough for young fish to avoid capture is a regulatory change aimed at increasing the likelihood of reaching sustainable fish populations.
Indicate whether the statement is true or false
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