What affects the desirability of a​ product? Products become more desirable when   A. professional athletes use a product because consumers who use the same product may feel closer to famous people.   B. celebrities use a product because consumers who use the same product may feel more fashionable.   C. movie stars use a product because consumers perceive them to be particularly knowledgeable about it.   D. both a and b.   E. all of the above.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 4PA
icon
Related questions
Question
 
 
 
 
 
What affects the desirability of a​ product?
Products become more desirable when
 
A.
professional athletes
use a product because consumers who use the same product may feel closer to famous people.
 
B.
celebrities
use a product because consumers who use the same product may feel more fashionable.
 
C.
movie stars
use a product because consumers perceive them to be particularly knowledgeable about it.
 
D.
both a and b.
 
E.
all of the above.
 
 
 
 
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Limited Cognitive Power
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning