Answer:
(2) word-of-mouth promotion.
Explanation:
Based on the information provided within the question it seems that Ms. McNick's classes benefit from word-of-mouth promotion. This is a type of distribution of information where one person tells another about their experience, and then that person tells someone and so on. This is free promotion garnered based on the experience that one individual may have and can either be positive or negative.
Canada's fundamental economic decisions are made by individuals, firms, and the government interact in a market to make these economic decisions
Answer:
The answer that is incorrect is D)
Explanation:
First of all, it is incorrect because if prices increase, real money balances decrease. The real money balances formula explains this fact:
Real money balances (RMB) = M/P
Where M is the amount of money and P the price level.
If P increases, then M will RMB will decrease.
If RMB are less, then, houses will find themselves poorer, not wealthier, and will decrease their spending, not increase it.
Answer: In general, a "big ticket item" such as a house or new car will <u><em>tend to have a more elastic demand than a lower-priced good. </em></u>
Explanation: In "big ticket item" when price changes the quantity demanded will also change in accordance with it, thereby stating that the the commodities have elastic demand whereas the scenario is different with low-priced good.
<u><em>Therefore, the correct option is (b)</em></u>
