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When There Are Many Substitutes Available for a Particular Product,consumers

Question 19

Multiple Choice

When there are many substitutes available for a particular product,consumers:


A) ​judge the quality of the substitute product based on supply of each substitute.
B) perceive individual products to have poor durability.
C) can easily switch from one product to another.
D) ​are sensitive to changes in supply of substitute products belonging to new brands.

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