B. Byrd and Tallis
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If prices increase but wages remain the same consumers will have to choose between what products to purchase. There will be things that they will start to label as luxury items, and will only purchase necessity items.
Answer:
Substitutes are goods where you can consume one in place of the other.
Explanation:
The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases.
Answer:
B- RETAILER AND WHOLESALER BEHAVIOUR
Explanation:
Behavioral segmentation maybe based on retailer and wholesaler behaviour because it divide the total market into smaller homogeneous groups based on customer behavior. Behavioral segmentation is done by organizations, company or business owner on the basis of buying patterns of customers like brand loyalty.
Behavioral segmentation is the process of analyzing your customer or retailer actions and using it to make personalized experiences.
Behavioral segmentation divides consumers or retailers according to behavior patterns as they interact with an organisation or company.
