Examlex
Psychographics groups consumers according to psychological traits only.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for money.
Price
The sum of money anticipated, needed, or provided as compensation for something.
Price of Rice
The cost at which rice is sold, influenced by factors such as supply, demand, quality, and market conditions.
Demand Shift
A change in consumer desire that moves the demand curve to the right (increase) or left (decrease) in a market.
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