If someone moved their lemonade stand to a more heavily trafficked corner and made double the money, it would be an example of w

Question

Ratling [72]

3 years ago

11

If someone moved their lemonade stand to a more heavily trafficked corner and made double the money, it would be an example of w

hich factor that shifts demand?
A. income
B. consumer tastes
C. the size of the market
D. prices of related goods

Social Studies

1 answer:

TiliK225 [7] · Answer 1 · 2022-04-09T10:15:45+03:00

C. the Size of the Market.

The reason is that you moved your Lemonade Stand to a more populated area. The consumer's interest in your lemonade hasn't changed, the only thing that changed is the amount of people in the area seeing the stand. You have thus expanded your market to a larger group.