When your company's advertising is effective, the demand curve for your company's product will shift to the _____ and rotate to a _____ slope.
A)left; steeper
B)left; more shallow
C)right; steeper
D)right; more shallow

Question

Quizplus · Accepted Answer

Effective advertising will increase demand for the product, leading to a rightward shift of the demand curve. If the slope of the demand curve becomes steeper, it means that consumers are more responsive to changes in price, which is a desirable outcome as it allows the company to increase prices without losing too many sales. Therefore, the correct answer is C.

When Your Company's Advertising Is Effective, the Demand Curve for Your