The idea that if enough consumers cut back on their use of a product it induces other consumers to do the same is referred to as
A) positive market feedback.
B) non-dynamic market feedback.
C) negative market feedback.
D) elicit market feedback.

Question

Quizplus · Accepted Answer

The given idea is referred to as negative market feedback, where a reduction in demand for a product by some consumers induces other consumers to do the same, leading to an overall decrease in demand for the product.

The Idea That If Enough Consumers Cut Back on Their