An Example of a Supply Shifter Is

question 24

Multiple Choice

An example of a supply shifter is:

• A) demographic characteristics.
• B) technology.
• C) income.
• D) consumer expectations.

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Definitions:

Peer Group

A community made up of people who share the same age range, social status, interests, or educational background, frequently shaping their behaviors and viewpoints.

Life Expectancy

The average period that a person is expected to live, based on statistical averages of age, gender, and other demographic factors.

Average Age

Calculated as the mean age of a population or group, it gives an indication of the demographic makeup concerning age.

Body Project

The pursuit of modifying one’s physical appearance through practices such as diet, exercise, and cosmetic surgery to meet societal beauty standards.