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answer the question, need answer only Question 26 What does the law of demand imply? Time left 1:42:57 Not yet answered a. price and quantity

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Question 26 What does the law of demand imply? Time left 1:42:57 Not yet answered a. price and quantity supplied are inversely related Marked out of 1.000 b. price and quantity demanded are inversely related P Flag c. price and quantity demanded are positively related question d. price and quantity supplied are positively related e. None of the above Question 27 Funsters Inc. sells its most popular doll for $35. It has just learned that its leading competitor is mass producing an excellent Not yet copy and plans to flood the market with their $10 doll in six weeks. What should Funsters do? answered Marked out of 1.000 a. increase the supply of their doll now before the other doll hits the market O b. fight fire with fire and decrease supply for six weeks, then increase the supply of its doll too P Flag question c. continue business as usual, since consumers will not buy the cheaper imitation O d. discontinue their doll e. None of the above Question 28 Which of the following would NOT shift the demand for good A? Not yet answered O a. drop in price of good A. Marked out of 1.000 O b. drop in price of good B. P Flag O c. consumer income. question O d. change in the level of advertising of good A. O e. None of the above

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