Identify the one statement that does not demonstrate how social effects influence consumer choice.
A) Students in an Economics class are required to purchase a textbook assigned by the professor.
B) There is utility gained from consuming goods or services that others are consuming.
C) Some products that people consume are determined by the social popularity of the products.
D) Companies such as Zappos.com and Netflix invite their consumers to write reviews about their experience with their products which are then posted on the internet for others to see.

Question

Quizplus · Accepted Answer

The requirement to purchase a textbook for a class is an academic obligation rather than a social influence on consumer choice.

Identify the One Statement That Does Not Demonstrate How Social