The Perfectly Popped Popcorn Company is trying to increase the market price for popcorn. What is one strategy it can use?

Question

Quizplus · Accepted Answer

Advertising or changing the product to make it more desirable can increase consumer demand, which in turn can increase the market price for popcorn. Increasing resources devoted to production (A) would increase supply and may lower prices, while lowering production costs (B) may increase profits but not necessarily the market price. Lobbying the government to cut taxes (D) may also increase profits, but it would not directly impact the market price for popcorn.

The Perfectly Popped Popcorn Company Is Trying to Increase the Market