Feb 20 2010
Freakononomics: Chapter 3 – What Is The Effect Of Advertising On Market Demand For A Good Or Service?
Considering chapter 3′s analysis of the transformation of Listerine from an antiseptic to a cure for halitosis, what can one conclude about the effect of advertising on market demand for a good or service? I guess if you make it a big deal about the item through advertising it causes a high demand?