PetsPlus Pic. has outsourced its marketing operations to the recently established marketing firm MarketMe. MarketMe has devised and distributed an online survey on behalf of PetsPlus Pic, asking customers to
evaluate the products they purchase from the company.
An example of a question from the survey is as follows:
'What do you think of PetsPlus's decision to outsource its marketing operations to a marketing firm?
Which of the following best describes why this question will not yield good information for PetsPlus?
ToyTown, a soft toy manufacturer, produces what it claims to be the cheapest teddy bears on the market. The graph shows the current price of a ToyTown teddy bear and its relationship to the demand for ToyTown teddy
bears.
If the price of ToyTown teddy bears were to increase, what would happen to the demand?