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| Subject:
demand for ostrich 2
Category: Business and Money > Economics Asked by: mojito74-ga List Price: $10.00 |
Posted:
02 Sep 2004 22:16 PDT
Expires: 02 Oct 2004 22:16 PDT Question ID: 396279 |
explain the difference between changing the demand for ostrich meat versus changing the quantity demanded. |
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| Subject:
Re: demand for ostrich 2
Answered By: leapinglizard-ga on 03 Sep 2004 04:26 PDT Rated: ![]() |
Dear mojito74, An increase in the demand for ostrich meat means a rise in the number of consumers who purchase ostrich meat. An increase in the quantity demanded, on the other hand, means a rise in the average amount of ostrich meat that each customer purchases. The marketing strategies to achieve each of these ends are different, since the former case requires that you attract new customers, while the latter entails communicating with current customers. Both kinds of increase, however, result in greater volume for the ostrich-meat market as a whole. For optimal effect, you will want to employ both kinds of marketing strategy. If you find my answer to be incomplete or inaccurate in any way, please post a clarification request so that I have a chance to meet your needs before you assign a rating. Regards, leapinglizard | |
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mojito74-ga
rated this answer:
and gave an additional tip of:
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Thank you very much for your work and rapid respond, hope to work with you again! |
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