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NEW QUESTION: 1
If a group of consumers decide to boycott a particular product, the expected result would be:
A. An increase in product supply because of increased availability.
B. That companies in the industry would experience higher economic profits.
C. A decrease in the demand for the product.
D. An increase in the product price to make up lost revenue.
Answer: C
Explanation:
Choice "b" is correct. A consumer boycott will decrease demand for the product being boycotted.
Choice "a" is incorrect. Increasing price will further reduce the quantity demanded. The effect on revenue
is uncertain.
Choice "c" is incorrect. Supply will be unaffected by a boycott.
Choice "d" is incorrect. A boycott of a particular product will reduce the overall profits of the industry.

NEW QUESTION: 2



A. Option E
B. Option C
C. Option D
D. Option F
E. Option B
F. Option A
Answer: C,D

NEW QUESTION: 3


Answer:
Explanation:

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