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A U.K. based drink called Lucozade was originally targeted toward people who were suffering from a cold as a "pick me up". It has since been sold as an energy drink to those who love to play sports. By essentially selling the same product to a new target segment, Lucozade used which strategy?
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale at each price level.
Chocolate-Covered Peanuts
A snack consisting of peanuts coated in chocolate, blending crunchy and smooth textures.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price.
Supply Curve
A visual depiction showing the connection between a product's price and the amount available for supply.
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