Identify the One Statement That Does Not Demonstrate How Social

question 271

Multiple Choice

Identify the one statement that does not demonstrate how social effects influence consumer choice.

• A) Students in an Economics class are required to purchase a textbook assigned by the professor.
• B) There is utility gained from consuming goods or services that others are consuming.
• C) Some products that people consume are determined by the social popularity of the products.
• D) Companies such as Zappos.com and Netflix invite their consumers to write reviews about their experience with their products which are then posted on the internet for others to see.

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Definitions:

Decimal Equivalent

The representation of fractions as decimals by dividing the numerator by the denominator.

Percent Equivalent

A way to express a number as a percentage of 100.

Rounded

Adjusted to the nearest whole number or specified decimal place to make calculations simpler or to reflect measurement limitations.

Decimal Equivalent

A numerical representation that expresses fractions in a decimal format.