When a product has been popularized with adverts, people will know d product and will wanna try it out.Once this happens,the product will still be in existence prolonging the life cycle
There are no pressures on price to either rise or fall.
Explanation:
Equilibrium price refers to the market price at which the amount of quantity supplied is exactly equal to the amount of quantity demanded. At this point, the market supply curve and the market demand curve intersect each other.
This price would be determined by the market forces such as demand and supply of the goods.
<span>What allows consumers to receive goods and services in a non price rationing system
is: first come, first served
explanation: the first come, first served system which is also known as the queuing system </span>resolves rationing problems which are brought by price ceilings.<span> </span>