Answer: Option (B)
Explanation:
Here, from the given option we can state that direct marketing is the correct option. Direct marketing is referred to as the type of communicating a proposal, under which an organizations tends to communicate straight to the pre-selected consumer and thus further supply the method or technique for the direct answer.
Answer:
The answer is monopolistic competition.
Explanation:
Monopolistic competition refers to a market type where there are several producers who sell the same type of products, but differentiated from one another; thus making their products unable to be substituted for one another. This is the case in the scenario at the question; though there are multiple companies producing natural and artificial flavorings, due to the different in how they taste, each company’s product cannot be substituted with one another’s.
Answer: Positive.
Explanation:
Suppose there are two related goods, i.e, Good A and Good B.
Cross price elasticity of demand refers to the responsiveness of demand for Good A if there is a change in the price of its related good, i.e, Good B.
Now, we are talking about gasoline and public transportation, suppose if there is increase in the price of gasoline then it will be costlier for the people to drive their own cars, as a result demand for public transportation increases.
There is a positive relationship between the gasoline and public transportation.
Hence, cross-price elasticity of demand between gasoline and public transportation is Positive.
