"The increase in demand of a commodity due to the fact that others are also consuming the same commodity” is known as ____
CA Foundation · Business Economics · MTP · June 2024
"The increase in demand of a commodity due to the fact that others are also consuming the same commodity” is known as ____
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Bandwagon effect
Topics: Theory of Demand and Supply
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