People bought more goods and created high demand for new products
Answer:
A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.
Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.
Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Answer:
Price bundling
Explanation:
Price bundling -
It is the practice of selling a combined package of goods and services at a much lower price , than selling it individually , is known as price bunding .
The practice is beneficial as it increases the sale of goods and services .
For example ,
package of TV channels , new mobile phone with some data plans , getting something free on the purchase of a particular commodity , is an example of bundle pricing .
Hence , the example shown in the question , is about price bundling .
Answer:
B
Explanation:
Marketing strategies vary in effectiveness depending on what kind of customer you're trying to sell to. A product that is designed for the younger generation wouldn't sell that well in a newspaper, a medium that is mostly used by older consumers.
