<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
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Her depth perception was aided by monocular cues for relative size and light and shadow.
<h3 /><h3>What are monocular cues?</h3>
It is the phenomenon used by the human eye to understand depth in an eye, which helps in understanding the landscape and other individuals in three dimensions. Some of them are:
- Light and shadow
- Linear perspective
- Overlap
- Movement
Therefore, monocular tracks are also used in artistic composition, to create greater depth to works of art.
Find out more about monocular cues here:
brainly.com/question/14283687
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I'm pretty sure the answer is ethnicity.
Hope this helps you! :)
