The accompanying table shows Laura's preference ranking for different brands of jeans for 2011 and 2012. Her preferences are ranked from 1 to 4, where 4 is her most-preferred brand and 1 is her least-preferred brand. In 2011, 1,439 of the 28,000 females attending Laura's college owned a pair of Joe's Jeans. In 2012, a survey showed that 9,421 of the 28,560 females attending Laura's college owned a pair of Joe's Jeans. Based on this information, the change in Laura's preference ranking for Joe's Jeans from 2011 to 2012 can be best explained by the:
A) jean stitching effect.
B) fashion inferiority complex effect.
C) oligopolistic pricing effect.
D) bandwagon effect.
E) sociological advocacy effect.
Correct Answer:
Verified
Q123: The accompanying table shows Cassie's preference
Q123: The presence of significant positive _ externalities
Q124: When firms in an oligopoly collude without
Q124: The market for social-networking website services is
Q125: Jason's JPMorgan Chase credit card has a
Q127: Kit-N-Sit, Inc. and Kittysitters, Inc. are two
Q131: Kit-N-Sit, Inc. and Kittysitters, Inc. are two
Q132: There are four ice cream shops
Q135: Firms with many customers that find it
Q151: The _ demand curve theory states that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents