The __________ Effect Occurs When a Buyer's Preference for a Product

question 84

Multiple Choice

The __________ effect occurs when a buyer's preference for a product increases as the number of people buying it increases.

• A) oligopoly
• B) switching
• C) bandwagon
• D) duopoly
• E) competitive

---

Definitions:

Auditory

Relating to the sense of hearing and the perception of sound.

American Anti-Slavery Society

An abolitionist society founded in 1833 to advocate for the immediate emancipation of all slaves in the United States.

Fanny Wright

Frances Wright was a Scottish-born lecturer, writer, freethinker, feminist, abolitionist, and social reformer, who became a US citizen and played a significant role in the early women's rights and abolition movements.

Haitian Revolution

A successful slave revolt that began in 1791, leading to Haiti's independence from France and the establishment of the first Black republic.