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

This statement does not demonstrate how social effects influence consumer choice, as it is simply describing a requirement for a class textbook and does not involve any social influence on consumer behavior.

Identify the One Statement That Does Not Demonstrate How Social