In general,as the fraction of increased demand coming from forward buying grows,offering the promotion during the peak demand period becomes

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As the fraction of increased demand coming from forward buying grows, offering the promotion during the peak demand period becomes less attractive. This is because customers will stock up on the promoted product during the promotion period and will not buy it again during the peak demand period, resulting in a temporary increase in sales during the promotion period followed by a decrease in sales during the peak period. This will lead to a loss of revenue during the peak period, making the promotion less attractive.

In General,as the Fraction of Increased Demand Coming from Forward