Question: Explain how the demand curves for normal products and for prestige products differ. What are demand shifts and why are they important to marketers? How

Explain how the demand curves for normal products and for prestige products differ. What are demand shifts and why are they important to marketers? How do firms go about estimating demand? How can marketers estimate the elasticity of demand?

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For normal products the demand curve slopes downward and to the rightas price goes up demand goes do... View full answer

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