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If consumers start to believe they need a product, what is likely to happen?

User Nino Filiu
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2 Answers

6 votes

the demand becomes less elastic.

if consumers start to believe they need a product, the demand becomes less elastic.

User Infixed
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Consumers will purchase products when they believe they need the product. Frequent and consistent advertising is a common method used to convince consumers that products are necessary. Products such as plastic garbage can liners are not necessary though they are very convenient.
User Qxo
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