Which of the following goods may have demand that is potentially affected by the bandwagon effect?

Question

Quizplus · Accepted Answer

The bandwagon effect refers to the tendency of consumers to purchase goods or services simply because others are doing so, rather than because of any inherent value in the product. All of the goods listed - satellite radio, cellular telephones, high-definition televisions, and electronic book readers - have seen significant increases in demand in recent years, in part because of the bandwagon effect.

Which of the Following Goods May Have Demand That Is