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Chapter 13: The Marketing Mix Price

283

15 questions

  • 1. Multiple Choice
    30 seconds
    1 pt
    In a free market, prices are determined by:
    supply and wants
    demand and output
    demand and supply
    supply and needs.
  • 2. Multiple Choice
    30 seconds
    1 pt
    When the price of most products increases, the demand for these products will be likely to:
    fall
    increase
    stay the same
    increase and then remain constant.
  • 3. Multiple Choice
    30 seconds
    1 pt
    The demand for Coke is most likely to be affected by which of the following changes?
    the price of Pepsi-Cola
    the supply of Coca-Cola
    the cost of producing Coca-Cola
    an increase in incomes of people who do not buy Coca-Cola
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