Economy, asked by 20100032110119, 3 months ago

how does Bandwagon effect affect demand

Answers

Answered by kayamtejaswi2004

Explanation:

Bandwagon effect refers to the desire or demand for a good by a person who wants to be in style because possession of a good is in fashion and therefore many others have it. ... So the other people have little incentive to buy the good to satisfy their instinct of living in style.

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