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Advertising is what gets a product sold?
1) True
2) False

User Nantoka
by
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1 Answer

4 votes

Final answer:

Advertising is all about making people believe that a firm's products are different from another firm's products. It can either make a firm's perceived demand curve more inelastic or cause demand for the firm's product to increase.

Step-by-step explanation:

Advertising is all about making people believe that a firm's products are different from another firm's products. It can either make a firm's perceived demand curve more inelastic or cause demand for the firm's product to increase. In either case, a successful advertising campaign can lead to selling a greater quantity or charging a higher price, or both, and thus increase profits.

User Beavel
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