23. Which best describes the logical order for a product life cycle

Select one:

a. Launch - decline - growth - maturity

b. Launch - growth - decline- maturity

c. Launch - growth - maturity - decline.

d. Launch - maturity - growth - decline

26. The law of demand states that an increase in the price of a good

Select one:

a. increases the quantity supplied of that good

b. increases the supply of that good

c. is caused by a shift in demand

d. decreases the quantity demanded for that good

e. decreases the supply of that good

27.Which of the following shifts the demand for watches to the right?

Select one:

a. an increase in the price of watches

b. a decrease in consumer incomes if watches are a normal good

c. a change in the cost of producing watches

d. a decrease in the price of watch batteries if watch batteries and watches are complements

e. a decrease in the price of watches