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goji.go goji.go
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11 years ago
How do consumer preferences for popular goods affect the demand curve? Give an example using a specific product.
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Diesel
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bbb
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11 years ago
When consumers show a high rate of preference for a particular product or service, the quantity of demand for that item increases and the demand curve shifts to the right (toward more demand.) Examples will vary, but students should identify a product with high initial demand, or a demand that grew noticeably stronger over time such as Nintendo Wii, Apple iPad, and Tickle Me Elmo dolls.
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goji.go Authorgoji.go
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11 years ago
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