Question

Markets constantly change; they are not static but evolve, expand, and contract in response to marketing effort, economic conditions, and other cultural influences. True or False

Answer 1

Markets constantly change and evolve in response to various factors. True.

Step-by-step explanation:

True. Markets are not static but continually change and evolve in response to various factors such as marketing effort, economic conditions, and cultural influences. These changes can include expansion, contraction, and shifts in demand and supply. Economists analyze these market changes by studying the interplay of different factors and how they impact the overall market dynamics.