Answer:
The answer is: Early adopter
Explanation:
Early adopter refers to consumers that use a new product or technology before others. Since early adopters tend to pay more for a new product, they also benefit first from the product's specifications and performance.
They also serve as reference for other users who are considering to buy or not to buy the new product.
Answer:
I believe the answer is d
Specialization in production will increase output.
As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.
Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.
The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.
Learn more about Specialization in production here:brainly.com/question/24448534
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Answer:
B. she is confusing between price elasticity of demand and income elasticity of demand.
Explanation:
Income elasticity of demand measures the change of quantities demanded for a particular good to a change in its income.
It is therefore calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.
Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its price change.
Mathematically:
Price Elasticity of Demand = % Change in Quantity Demand / % Change in Price.
From the above definitions stated about income and price elasticity of demand, the income in that year increased but the quantity of goods demanded decreased further by 5% from the predicted 7% (12 %)
