George Is Curious About the New Tablet That Will Be

question 82

Multiple Choice

George is curious about the new tablet that will be released in the market in the next few days.Although he owns a similar product from a rival company, he is interested in the additional features that the new product offers and decides to buy it.Hence, George belongs to the category of:

• A)lead users.
• B)early majority buyers.
• C)late majority buyers.
• D)innovators.
• E)laggards.

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Definitions:

Price of Whips

The cost at which whips are sold in the market, which can be influenced by factors like material costs and demand.

Price of Leather Jackets

The monetary value at which leather jackets are offered for sale in the market.

Demand

The amount of a product or service that buyers are prepared and capable of buying at different price levels over a specified time frame.

Inverse Demand Function

A formula that represents the maximum price consumers are willing to pay for a given quantity of a good, illustrating how price is affected by changes in demand levels.