If a Consumer's Experience Is Rewarding,that Consumer Will Probably Use

question 37

Short Answer

If a consumer's experience is rewarding,that consumer will probably use the product more and more.The consumer's response to the product will be ________.

---

Definitions:

Industry Output

The total production of goods and services by all firms in a specific industry over a given period.

Market Supply Curve

A graph showing the total quantity of a good that producers are willing to sell at different prices.

Easy Entry

A characteristic of market structures where new competitors can easily enter the market without significant barriers or cost.

Constant-Cost Industry

An industry in which the costs of production, including input prices, do not change as the industry's output changes.