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Sublight2097 Sublight2097
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8 years ago
Why do the sellers of some whiskeys pay for advertisements to tell people their whiskey is extremely expensive?
A) Because the sellers either do not know or do not accept the law of demand
B) To allocate the product to people who will most appreciate it
C) To increase the demand
D) To lower the demand and keep production costs low
E) To prevent "price shock" among potential customers
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
Glad to help you, and good luck with your course.
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