High fashion at low prices-too good a chance
The influence of high street chains selling very limited editions of designer clothes at much below equilibrium prices.
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Recognizing the concept of equilibrium and the significance of this in analyzing what occurs in disequilibrium. By using demand and supply analysis and developing a recognizing of price and other assigning mechanisms.
In the year of 1996 McDonald's introduced its Arch Deluxe hamburger, 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
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