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If the Number of Buyers Decreases, the Demand Curve Will

question 100

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If the number of buyers decreases, the demand curve will shift to the ______ and the price will ______.


Definitions:

Automating

entails using technology or machinery to perform tasks with minimal human intervention, enhancing efficiency and consistency.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

Target Market

A particular segment of customers targeted by a business for its goods and services.

Competitive Considerations

Factors that businesses assess to understand their industry position and outline strategies against competitors.

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