When the price goes down - Study guides, Class notes & Summaries
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ECON 3100 Questions with Complete Solutions
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The Law of Demand Correct Answer-as price increases, quantity demanded decreases. If price decreases, quantity demanded increases. 
 
The Law of Supply Correct Answer-producers offer more of a good as its price increases and less as its price falls. 
 
Demand Scheduled Correct Answer-Shows relationship between price & quantity demanded 
 
Equilibrium Correct Answer-When the demand and supply curves intersect. This is the best price to set and quantity to produce. 
 
If price goes up, producers w...
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WGU D373 Objective Assessment (Latest 2024/ 2025 Update) Marketing in the Digital Era Exam Prep | Questions and Verified Answers|100% Correct| Grade A
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WGU D373 Objective Assessment (Latest 2024/ 2025 Update) Marketing in the Digital Era Exam Prep | Questions and Verified Answers|100% Correct| Grade A 
 
Q: Who is responsible for ROI? (return on investments) 
 
 
Answer: 
Chief marketing officer 
 
 
 
Q: What is the traditional marketing mix? 
 
 
Answer: 
Product, price, place, promotion 
 
 
 
Q: What is the expanded marketing mix? 
 
 
Answer: 
Product, price, place, promotion people,process, physical evidence 
 
 
 
Q: Strategy 
 
 
Answer...
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RSK4802 EXAM PACK 2023
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RSK 4802 EXAM PACK 2022 
JANUARY /FEBRUARY 2016 
QUESTION1.1 
ai) 
Risk management is an important process because it empowers a business with the 
necessary tools so that it can adequately identify and deal with potential risks. 
Once a risk has been identified, it is then easy to mitigate it. In addition, risk 
management provides a business with a basis upon which it can undertake sound 
decision-making. 
-For a business, assessment and management of risks is the best way to prepare for 
even...
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PTCB EXAM TEST BANK QUESTIONS AND ANSWERS LATEST WITH RATIONALE 2023-2024
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PTCB EXAM TEST BANK 
QUESTIONS AND ANSWERS 
LATEST WITH RATIONALE 
 
Multiple choice 
What is the route of administration for a prescription with the following directions: "i supp pr q 6 hr 
prn"? 
A. Orally 
B. Rectally 
C. Urethrally 
D. Vaginall {{Correct Ans- B. Rectally 
Rationale: 
"pr" means per rectum. 
What is the meaning of PDA? 
A. Personal digital aid 
B. Personal digital assistant 
C. Physician digital assistant 
D. Pharmaceutical data assistant {{Correct Ans- B. Personal dig...
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ECS1601 EXAM PACK 2023
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ECS1601Test bank with answers 
Economics, past exam papers 
Exam-Pack-Index From 
2017-2022, assignment 1, 
assignment 2, .. ..complete 
solutions 
1 
ECS1601 TEST BANK 
Question 1 
In the goods market of the circular flow model, …. 
1) firms buy factors of production from consumers 
2) firms buy finished products from households 
3) consumers buy factors of production from firms 
4) firms sell factors of production to the government 
5) consumers buy finished products from firms Th...
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PA Appraisers License-Exam Questions and Answers (Graded A)
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How is a diamond condition fixed? - ANSWER-By pulling the damage for length. Diamond is a length condition. 
 
When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? - ANSWER-Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerline. 
 
A collision damaged vehicle is discovered to be down in height at opposite end of the center section. - ANSWER-Twist co...
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BCOR 3100- ALL QUIZZES LATEST 2023 GRADED A+
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BCOR 3100- ALL QUIZZES LATEST 2023 GRADED A+ What does the abbreviation "IPO" stand for? Initial Public Offering 
Investing in stock is an equity investment; so the company pays the investor back in interest payments. FALSE! 
A ___ order to buy or sell a stock becomes a ___ order once the specified price occurs. Stop, Market 
According to the Forbes article, investment banks such as Goldman Sachs seeks people with math, technology, software and data analytics skills over well rounded trading s...
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TICO Practice Exam 2023 with Complete Solutions
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TICO is funded by 
 a. the Ontario government 
 b. consumers 
 c. Ontario registrants 
 d. the Canadian travel industry - ANSWER-c. Ontario registrants 
 
TICO works with consumers to ensure that 
a. they are aware of their rights under the Travel Industry Act, 2002 
b. they take their vacations in Ontario 
c. the travel industry is promoted to consumers 
d. consumers receive the lowest price from travel agents - ANSWER-a. they are aware of their rights under the Travel Industry Act, 2002 
 
TIC...
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ASU MKT 300 EATON EXAM 4
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Internal/External Factors of Price - Answer-Internal Factors of Price: 
1. Marketing Objective 
2. Marketing Mix Strategy 
3. Cost 
 
External Factors of Price: 
1. Demand for your product. 
2. Competition 
3. Economy 
 
Price Elasticity - Answer-Elastic - Consumers buy more or less of a product when the price changes 
 
Inelastic- An increase or decrease in price will not significantly affect demand 
 
What happens to price/revenue when the demand is elastic/inelastic - Answer-Demand is... Pr...
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Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered)
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Ivy Software MBA Prepworks Fundamentals of Economics Exam 
- Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...
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