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Author Question: Discuss the economic premise known as the lipstick theory.. What will be an ideal ... (Read 98 times)

Lobcity

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on: Sep 11, 2018
Discuss the economic premise known as the lipstick theory..
 
  What will be an ideal response?

Question 2

Investment markets in the United States began in _____with the American Stock Exchange (AMEX) when the federal government issued 80 million in bonds to repay the Revolutionary War debt.
 
  a. 1800 c. 1790
  b. 1700 d. 1760


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peilian

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Reply #1 on: Sep 11, 2018
Answer to Question 1

When the sales of lipstick increase consumer confidence is decreasing. Leonard Lauder
expressed this phenomenon after September 11, 2001 when lipstick sales were on the rise.
One connection may be that lipstick is an inexpensive way to change one's appearance and
increase self-assurance. It could also be considered an inferior good.

Answer to Question 2

c


Lobcity

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Reply #2 on: Sep 11, 2018
Both answers were spot on, thank you once again


peilian

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Reply #3 on: Sep 11, 2018
Great! Please up vote :D


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