What are examples of non-existent demand?

Answer 1

Non-existent demand refers to situations where there is no consumer interest or need for a product or service. Examples include a high-tech gadget that solves a problem nobody has, like a device that automatically organizes a person's sock drawer when consumers are satisfied with their current methods. Similarly, a luxury item aimed at a demographic that does not prioritize or have the means for luxury spending, such as designer clothing marketed to low-income families, also demonstrates non-existent demand. In both cases, the product fails to resonate with potential buyers, resulting in little to no market interest.