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san4es73 [151]
3 years ago
11

Why is studying supply and demand useful?

Social Studies
1 answer:
Aleks [24]3 years ago
3 0
So if you intend on pursuing a career in <span>entrepreneurship (starting a business of your own). Then it's good to know what the people are willing to waste their dollars on at the moment so you don't ruin yourself in the long run. </span>
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Explanation:

Cognitive dissonance theory: In social psychology, the theory of cognitive dissonance was proposed by an American psychologist named Leon Festinger in 1957. The "cognitive dissonance theory" describes that an individual has an "inner drive" to hold or carry-out all his or her behavior and attitudes in euphony and willing to avoid dissonance or disharmony.

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