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A console game, ZOMBIES!, has come out recently. It sells for $60. Which of these might lower the price of the game?
A negative article about the game from a well-known reviewer, causing sales to drop
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Suppose an economist says that “other things equal, the lower the price of bananas, the greater the amount of bananas purchased.” This statement indicates that:
all factors other than the price of bananas(for example, consumer tastes and income) are assumed to be constant
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suppose an economist says that “other things equal the lower the price of bananas the greater the amount of bananas purchased” this statement indicates that
all factors other than the price of bananas (for example consumer tastes and incomes) are assumed to be constant
More test answers on https://studyhippo.com/ap-macro-chapter-1-test/
If we lower the price of Duncan Hines cake mix
the sales volume of Betty Crocker cake mix will go down
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__________ pricing tactics lower the price of a product below the store’s cost.
The lower the price of medical care in general, the higher the ____________________________ medical care and the ______________________ specific items that make up medical care (such as x-rays). The result will be a _______________ price for the specific items that make up medical care.
quantity demanded of; higher the demand for; higher
More test answers on https://studyhippo.com/microecon-ch-5-quiz-31154/
Alex may have to lower the price to convince Kara to buy a second slice
While eating at Alex’s “Pizza by the slice” restaurant., Kara experiences diminishing marginal utility. She gained 10 units of satisfaction from her first slice pizza consumed, and would only recieve 5 units of satisfaction from consuing a second slice. Based on this information we can conclude that:
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