Question

Think of some examples of goods and services for which demand will rise as a consequence of an ageing population. How should marketers address this new buyer segment

Answer 1

Answer:

Explanation:

As the composition of goods and services consumed varies over the life cycle, the aggregate demand structure is likely to change as well when the population is aging. I estimate these microeconomic age-specific household demands for a set of eight composite goods using a quadratic almost ideal demand system model.