If you are working a trade show and an individual steps into your booth to have a conversation with you about the products and/or services your company sells, this individual would be categorized as aA friend of mine recently told me that his favourite scotch The Glenlivet, kept increasing in price every few months. Even though he loves that particular drink, recently he switched to a Cheaper brand, Jack Daniels. Is this an example of the substitution effect? I. Give an example in your own life where the substitution effect happened, li. explain something a company could do to slow down the loss of customers from this situation if they MUST increase their prices. Jack Daniel's Tennessee Whiskey O STYLE HALL Frenblinked in 1506. Jack Daniel's was the =34 TellyaLelalielle dry cily of law Idaurg which only adds to the unique hoprad of the aciri: Light Fold with corn meal, ceramel and $32.95 ADD TO SART The Glenlivet 12 Years Old Single Malt Scotch Whisky 00 STYLE Hamid Representing The Glen iver's denture style his in first matured in traditional ock before wine and, bopry, curcio and vercal 4twowra repeat with a sweet vaille clement THE and a bint of snoke on the finish. GLENLIVET #12 $58.45 ADD TO CART