Along a straight-line downward-sloping demand curve,a decrease in the market price of a good:
A) will cause no change in consumer surplus. B) will increase consumer surplus. C) will decrease consumer surplus. D) may either decrease or increase consumer surplus.
Gamea Tech. wishes to develop products that are unique so that it can persuade customers to pay more for it. In this scenario, Gamea Tech is following a _____.
A) differentiation strategy B) high-cost strategy C) greenfield strategy D) price-skimming strategy