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Author Question: The basic function of advertising, according to its proponents, is to assist consumers in making ... (Read 73 times)

Deast7027

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Question 1

Referring to the 
Economics in Practice on page 318: In recent years, some companies have concentrated on increasing their reputation for environmental stewardship, including spending money on green advertising to attract consumers who value this activity. A successful green advertising campaign will most likely ________ for products produced by the companies, resulting in a higher equilibrium price and a larger equilibrium quantity.


◦ increase the demand
◦ increase the supply
◦ decrease the demand
◦ decrease the supply

Question 2

The basic function of advertising, according to its proponents, is to assist consumers in making informed, rational choices.


◦ true
◦ false


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Marked as best answer by Deast7027 on Apr 19, 2019

nixon_s

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Deast7027

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Reply 2 on: Apr 19, 2019
Excellent


ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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