When Shoppers Browse for Products in Stores Only to Buy

question 24

Short Answer

When shoppers browse for products in stores only to buy them from an online rival,this is called _________.

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Definitions:

Income

Profits received, at routine intervals, from efforts in employment or investment projects.

Budget Line

This line delineates the combos of two goods a consumer can procure, given their income and the goods' prices, demonstrating the trade-offs and opportunity costs within their budget.

Consumption

The use of goods and services by households or individuals, often measured to understand economic activity and consumer behavior.

Bushels

A unit of volume measure used primarily for agricultural products, with the size varying by product.