As markets develop demand is initially slow, accelerates as the technology becomes better understood and utilized and then declines as demand is increasingly limited to replacement demand.

Question

Quizplus · Accepted Answer

As markets develop, this trend is typically observed, where demand starts slow, picks up as people get more familiar with the product or service, and then eventually levels off or declines as replacement demand becomes the primary source of sales.

As Markets Develop Demand Is Initially Slow, Accelerates as the Technology