CUET Preparation Today
What will be the effect of changes in fashions and tastes of consumers? |
Shift demand in the market from existing products to new ones Shift demand in the market from new products to existing ones Shift demand at home from existing products to new ones Shift demand at home from new products to existing ones |
Shift demand in the market from existing products to new ones |
Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones. Increased competition in the market may reduce profit margins of firms. |
