A. complements
B. substitutes
C. inferior
D. nromal
A. Good-value strategy
B. Premium strategy
C. Overcharging strategy
D. Snob strategy
A. costs are minimized
B. revenue is maximized
C. average cost is less than average revenue
D. marginal cost equals marginal revenue
A. Rise in the price of an item for sale
B. An amount added to cost price in calculating selling price
C. Both of them
D. All of them
A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment
A. an increase in the number of firms in the market but no increase in the price of the good
B. an increase the price of the good and an increase in the number of firms in the market
C. an increase the price of the good but no increase in the number of firms in the market
D. no impact on either the price of the good or the number of firms in the market
A. 4.3%
B. 5.4%
C. 6.2%
D. 8.6%