Due to the Bandwagon Effect, Demand for Some Products Is

question 161

Multiple Choice

Due to the bandwagon effect, demand for some products is ________ elastic than it would be without the positive network externality.

• A) more
• B) less
• C) equally
• D) more strongly unitary

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Definitions:

Extraversion

A personality trait that is characterized by outgoingness, high energy, and sociability.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotional patterns.

Genes

Genes are the basic physical and functional units of heredity, made up of DNA, that act as instructions to make molecules called proteins, affecting individual traits from appearance to health.

Home Environment

The physical and emotional atmosphere of an individual's residence, including family dynamics, physical space, and emotional support.