Products That the Customer Either Does Not Know About or Knows

question 37

Short Answer

Products that the customer either does not know about or knows about but does not think of buying are known as ________ products.

Identify the factors that cause shifts in demand and supply.

Analyze the impact of technological advances on supply.

Determine the effects of taxes on market equilibrium.

Understand the concept of substitutes and how changes in prices affect demand.

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Definitions:

Dot Operator

In programming, the dot operator is used to access the properties or methods of an object.

Printf Method

A method in Java's PrintStream class that allows formatted strings to be output to the console, similar to the printf function in C.

Integers

Whole numbers that can be positive, negative, or zero, but not fractions or decimals.

Decimal Numbers

Numbers expressed in the base-10 numeral system, including integers, fractions, and real numbers notated with a decimal point.