Situation 2:-
People respond to incentives.
Justification:-
Last Saturday I went to D-mart which gives Saturday offers and now they were giving a buy 1 get 1 offer for cookie cakes which was a good incentive for me . So I purchased that cookie cake.
Situation 3:-
Taste and Preference pattern of the consumers.
Justification:-
There are so many perfumes but my favourite is more for sandalwood so I always prefer sandalwood perfumes .
Situation 6:-
Inelastic demand and preference pattern of the consumer.
Justification :-
As there was a concert of Justin beiber whose tickets fare price was 1000 rupees but as he was my preference I had to anyhow attend his show. So, here we conclude that whatever may be the price but our preferences and tastes for it will never decline.
Situation 7:-
Consumer Equillibrium.
Justification:-
As I use biotique products it has satisfied me and even many consumers and its supply is high in the market due to its increased demand.
Situation 8:-
Opportunity cost.
Justification:-
Last week I went for shopping to big bazaar and then to d-mart, In which big bazaar was offering 400 net benefits whereas D-mart was offering 500 net benefit as D-mart was giving more net benefits it was an opportunity for D-mart.
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