QUESTION IMAGE
Question
pregunta 58 (1 punto)
a change in quantity demanded (qd) is due to a change in ____ only
○ a price
○ b buying power
○ c income
○ d consumer choice
pregunta 59 (1 punto)
____ is the slight differences in similar products.
○ a product disclosure
○ b perfect competition
○ c product distribution
○ d product differentiation
Brief Explanations
- For Pregunta 58: A change in quantity demanded specifically refers to a movement along the demand curve, which is caused solely by a change in the product's own price. Other factors like income or consumer choice cause a shift in demand (not quantity demanded).
- For Pregunta 59: Product differentiation is the marketing strategy of creating slight differences in similar products to make them stand out to consumers, which matches the definition provided.
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Pregunta 58: a. price
Pregunta 59: d. product differentiation