Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.
It should be noted that American writers of the 1920’s have often been called the ""lost generation"" because they were disillusioned and cynical about the world.
<h3>What is lost generation?</h3>
Lost generation is a term that used to describe people in 1920’s because of they were disillusioned and cynical about the world.
This term decribes American literary notables who lived in Paris at the time.
Learn more about American writers at;
brainly.com/question/24858866
Advertising shapes our consumption patterns by using various
persuasion techniques aimed at triggering certain purchase decisions. For
instance, informational advertising employs rational techniques that appeal to
the consumers’ reason to help them make informed buying decisions. This
information is given under the assumption that it will help the consumer make
an informed decision.
