If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,

Name: If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,
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Quizplus · Accepted Answer

This scenario describes a positive network externality, where the demand for a good increases as more people purchase it. This is because the availability and popularity of the good increases, making it more desirable to consumers.

If the Quantity of a Good Demanded by a Typical