Answer: Return to the original output and price level
Explanation:
There is a general consensus in the Economic world that the Economy will usually adjust back to a level of full employment which is the Long Run Aggregate Supply curve.
When the short short-run aggregate supply curve experiences a decrease, the variables at play will adjust to such a point where they will return to the Original Output and price level assuming that was the Long Run AS level. For instance, <em>if the price of a raw material needed in production rises, output will decrease as the inputs have become more expensive. As a result of this decrease in output, unemployment goes up which will theoretically mean that wages will go down as there are now more people looking for jobs. This will reduce the wage cost and producers will take advantage to start producing more bringing the Economy back to the original level. </em>
Price is the element of the marketing mix that corresponds to what the buyer gives up in the marketing exchange.
<h3 /><h3>What is the marketing mix?</h3>
They are the set of activities performed by marketing to promote a product or service and increase the profitability of a company. The four Ps of marketing are:
- Product
- Price
- Place
- Promotion
Therefore, the objective of the marketing mix is to increase the value of the brand and its positioning through the creation of value for the consumer.
Find out more about marketing mix here:
brainly.com/question/859394
#SPJ1
Answer:
exclusive dealing
Explanation:
Exclusive dealing -
It is the method , where a deal is set up between a specific supplier and the wholesaler or the retailer , where the no other distributor would be able to receive the supply , is referred to as exclusive dealing.
In this scenario no other dealer can not handle the product in any case.
Hence , from the scenario of the question,
The correct option is exclusive dealing .
