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Recent medical reports have brought forth some negative health implications from the use of this product, especially for the young people. As a result ,
Recent medical reports have brought forth some negative health implications from the use of this product, especially for the young people. As a result , Susanna Campbell, the marketing head of this firm is anticipating a decline in demand. While the firm's costs have increased on the one hand, the market price decline to $5. However , in spite of the adverse heath implications the price of the good remained unchanged at $6 per unit. Which of the following if true , would explain the outcome? A)The majority of the people do not have access to these research reports. B)The consumers are expecting firms to take up corrective measures to reduce the health risks. C)There are many substitutes for this good in the market. D)The cost of production is increasing the most firms in this industry. E)The majority of the customers in this market are below the age of 25
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