The __________ Effect Occurs When a Buyer's Preference for a Product

question 84

Multiple Choice

The __________ effect occurs when a buyer's preference for a product increases as the number of people buying it increases.

• A) oligopoly
• B) switching
• C) bandwagon
• D) duopoly
• E) competitive

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Definitions:

Decreased Diversional Activity

A reduction in engagement in activities that provide pleasure or diversion, which can affect an individual's mood and overall well-being.

Visual Impairment

A significant reduction of vision that cannot be corrected fully with glasses, contact lenses, medication, or surgery.

Speak Loudly

The act of increasing the volume of one's voice to ensure audibility, often used in communication settings.

Auditory Nerve

The nerve that carries signals from the inner ear to the brain, enabling the sense of hearing.