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  3. the concept of “market equilibrium” is defined

The concept of “market equilibrium” is defined as when the quantity of a commodity demanded is...

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Advance Math

The concept of “market equilibrium” is defined as when thequantity of a commodity demanded is equal to the quantity supplied.Assume that the demand function and the supply function are bothlinear. How can good advertising affect market equilibrium? How canbad advertising affect market equilibrium?

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Advertising affects consumers tastes preference in a very positive way but and this results in increasing in Demand but it doesnt mean that advertisement is free of cost as advertising    See Answer
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