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When Prisly Inc

question 33

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When Prisly Inc.introduced a liquid detergent in the market,it noticed that the sales of its detergent powder significantly declined.Prisly Inc.'s loyal customers who previously purchased detergent powder switched to liquid detergent.As a result,Prisly Inc.was forced to reduce production of its detergent powder.This scenario exemplifies _____.​


Definitions:

Liberals

Individuals or groups advocating for policies that emphasize individual rights, social equality, and a supportive role for government.

Libertarians

Individuals who advocate for minimal government intervention in the personal and economic lives of citizens, emphasizing individual liberty and free-market principles.

Economic Inequality

The unequal distribution of wealth, income, or resources across different participants in a society, economy, or country.

Democratic Forms

Types of government systems where power is vested in the people, who either rule directly or through elected representatives.

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