Question
As a CFO / Manager, explain the following in your response....Advertising seeks to change consumer tastes and thus the willingness to buy. If tastes and
As a CFO / Manager, explain the following in your response...."Advertising seeks to change consumer tastes and thus the willingness to buy. If tastes and income do change, the demand and supply curves will shift". What are the principal factors that causes shifts in market demand and supply for a good or service ? Can demographic and cultural trends effect demand & supply ? Examples ?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
