(Consider This) In 2013, McDonald's introduced Fish McBites, which failed to catch on with the public and was subsequently dropped from the menu. This failure illustrates the idea of
A) consumer sovereignty.
B) technological change.
C) downsloping demand.
D) specialization.

Question

Quizplus · Accepted Answer

Consumer sovereignty refers to the power of consumers to determine what goods and services are produced. The failure of Fish McBites to catch on with the public demonstrates that consumers did not demand this product, leading to its removal from the menu.

(Consider This) in 2013, McDonald's Introduced Fish McBites, Which Failed