Answer:
The correct answer is "substitution effect"
Explanation:
When the price of a good or service rises, and the consumers change into a cheaper product with similar characteristics; immediately the market experiencing a decrease in sales for these changes; That phenomenon is called substitution effect.
For Example:
When the chicken price increases, the consumers prefer to consume pork; Immediately the chicken sales decrease for this decision. That is called a substitution effect.
Real flow is exchange of goods & services between firms & households. & Money flow is exchange between 2 sectors
The failure of the shop was probably because the owner fails to search or do research work in her market that made customers feel no attraction to the things that she sells. She should have done or better research s in making the customers attracted to the things that she sells so that she will have customers that are large in numbers and in the same time, her shop would sell.
Answer:
C i beleive is the answer
Explanation:
If right please give me brainliest answer
