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14 August, 01:21

Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not?

A. restaurants and MP3 players

B. electricity and natural gas

C. corn and satellite radio

D. rice and soybeans

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  1. 14 August, 04:56
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    Answer: (C) Corn and satellite radio

    Explanation:

    The corn and the satellite radio is one of the international telecommunication system that is specifically used for the broadcasting purpose.

    The corn is one of the type of radio broadcasting that is used as in the form of FM. It is used by using various types of programming applications in the form of terrestrial radios.

    The corn system is cheaper as compared to the satellite radio system, as it is widely use in the terrestrial area and the provide services to each geographical areas.

    Therefore, Option (C) is correct.
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Home » Business » Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not? A.
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