A small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.This is known as _____.

Question

A small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.This is known as _____.​

Quizplus · Accepted Answer

The concept described in the question is known as the multiplier effect, where a small change in one variable leads to a much larger change in another variable. In this case, a small change in consumer demand can result in a significant change in the demand for facilities and equipment used to produce the consumer product. Therefore, option A is the correct answer. Option B (reciprocity) refers to the exchange of goods or services between two parties, option C (the conversion rate) refers to the measure of how many website visitors take a particular action, and option D (frequency) refers to the number of times an event occurs. None of these options relate to the concept mentioned in the question.

A Small Increase or Decrease in Consumer Demand Can Produce