How were the makers of Shreddies able to make intangible value and yet NOT change their product at all? Explain.
Question 2
2.
How was the Shreddies company able to differentiate their product? Explain.
Question 3
3.
What do you think happened to the demand curve for the Shreddies company?
Question 4
4.
What do you think happened to the price elasticity of demand for the Shreddies company after their marketing campaign?
Question 5
5.
What do you think happened to the market share for the Shreddies company after their marketing campaign?
Question 6
6.
If the Shreddies company were in long-run equilibrium BEFORE the marketing campaign, where would they be after the marketing campaign...in the short-run?
+E Profit
0E Profit
-E Profit
If the Shreddies company were in long-run equilibrium BEFORE the marketing campaign, where would they be after the marketing campaign...in the short-run?