Firms tend to raise the price of their goods after acquiring a firm that sells a
ID: 1203525 • Letter: F
Question
Firms tend to raise the price of their goods after acquiring a firm that sells a substitute because There is an increase in the overall demand for their products They lose market power The bundle has a more inelastic demand than individual goods The bundle has a more elastic demand than individual goods A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement? increase parking rates if the lot fills up much earlier than 9 arm Decrease parking rates if the lot doesn't fill up until much after 9am If the lot fills up right around 9am the price is right All of the above A local restaurant increases the prices on its burgers as soon as it begins a promotional campaign. Which of the following is most likely to be true? The promotional campaign featured how much better their burgers are The promotional campaign focused on the value per dollarExplanation / Answer
23. c. the bundle has a more inelastic demand than individual goods
As to meet the demand, consumer have to choose one of the product so quantity demanded remains the same whether price increase of decrease.
24. d. All of the above are correct.
25. a. the promotional campaign featured how much better their burgers are
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