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Tems11 [23]
2 years ago
12

This is finance. I really need help. Lebron James is endorsed by little billies hot dog stand. What shift will occur in demand f

or little billies hot dog stand? What determinant of demand explains this shift

Business
1 answer:
Naily [24]2 years ago
4 0

When Lebron James endorse little billies, the demand for little billies will increase, the demand curve would shift to the right. The determinant that explains the shift is a change in consumer expectations.

<h3>What is the impact of the endorsement?</h3>

When Lebron James endorse little billies, consumers would assume that the product is of the highest quality since a celebrity is endorsing it. Thus, consumer expectations would change. Consumers would have a positive disposition towards this product.

As a result, there would be an increase in demand. An increase in demand for little billies. An increase in demand would lead to a shift to the right or an outward shift of the demand curve.

For more information about the change in demand, please check: brainly.com/question/25871620

#SPJ1

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