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Demographic factors such as economic status are useful in predicting public opinion. Those with high incomes tend to

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The demographic data shows that high incomes earners tend to buy luxury goods that come with high price.

What is a Demographic factors?

As part of market segmentation, the Demographic segment helps to identify the peoples incomes and their respective needs/wants.

Hence, as the demographic data are useful in predicting public opinion, they shows that high incomes earners tend to buy luxury goods that come with high price.

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