The 'bandwagon effect' in consumer behaviour leads to:

CA Foundation · Business Economics · MTP · January 2026
The 'bandwagon effect' in consumer behaviour leads to:
(A) A. Decrease in demand when others start consuming the product
(B) B. No change in demand pattern
(C) C. Increase in demand because others are also consuming the same commodity
(D) D. Perfectly inelastic demand

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Increase in demand because others are also consuming the same commodity

Topics: Theory of Demand and Supply

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic