If Consumer Tastes Are Changing More in Favor of the Consumption

question 322

Multiple Choice

If consumer tastes are changing more in favor of the consumption of a particular good the

• A) market demand curve will shift to the left.
• B) consumer will move up a given demand curve, decreasing the quantity demanded.
• C) consumer would move down a given demand curve, decreasing the quantity demanded.
• D) consumer would move down a given demand curve, increasing the quantity demanded.
• E) market demand curve would shift to the right.

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Definitions:

Salesperson

An individual who sells products or services directly to customers, aiming to meet their needs and secure transactions.

Promotion Budget

Financial allocation specifically dedicated to marketing and advertising efforts to increase sales or raise brand awareness.

Personal Selling Activities

Direct, face-to-face activities undertaken by sales personnel to persuade consumers to make a purchase, typically involving presentations or demonstrations.

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various mediums to reach and influence consumers.