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When the price of a good is to high for consumers they look for?
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∙ 9y ago
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Wiki User
∙ 9y ago
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According to the law of demand consumers will stop buying a fixed quantity of a product when?
The law of demand? I'm not quite sure if it's called that. Consumers will stop buying a product as and when they see that the price is set too high. It changes consumer to consumer - if the price of bread rises from £0.50 to £1, extremely poor people might stop buying it because they can't afford it, because the price is too high. Similarly, some consumers will never stop buying things because they are rich enough to afford the goods. Take a look at price elasticity of demand if you want to know more about when consumers stop buying products because of its price - the change of demand according to a change in price.
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
Is price rise good for development?
It depends on what commodities have the price rise. If development costs (Materials, land, labor) are low, but consumers are pinched by high fuel and food prices, there may be no one to buy the newly developed area (Real Estate), or product. Development in other areas such as research and technology can be spurred by higher costs. Scientists and businesses will look for cheaper ways to manufactur products, or ways to replace old technologies with cheaper and superior ones.
In what would the price of a good be most likely to increase?
People would consume less of the good and look for substitutes
What philosophy in situations is when the product's cost is too high and marketers look for ways to improve production?
Price Optimization
According to the law of demand consumers will stop buying a fixed quantity of a product when?
The law of demand? I'm not quite sure if it's called that. Consumers will stop buying a product as and when they see that the price is set too high. It changes consumer to consumer - if the price of bread rises from £0.50 to £1, extremely poor people might stop buying it because they can't afford it, because the price is too high. Similarly, some consumers will never stop buying things because they are rich enough to afford the goods. Take a look at price elasticity of demand if you want to know more about when consumers stop buying products because of its price - the change of demand according to a change in price.
What is the best lacrosse head?
look at the expensive ones if the price is high its generally good. it also has big legs and look at the brand stx and warrior are typicaly the best
How high is the demand for fashion designers?
The demand for fashion desgines will remain high because consumers look for the latest trends and apparels.
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
What type of top will look good with your high rise jeans?
Tank tops will look good with high rise jeans.
Where can I get a good price on industrial vacuum systems?
If its a deal your looking for look at www.cleanworkshop.com they give you many industrial vacuum systems, and allow you to search prices low to high, so you can always find the lowest price
Auto Insurance: Compare to Save?
Comparing several auto insurance policies before making their purchases can save consumers money on their rates by helping them get the best policy for their money. When many consumers compare auto insurance rates, they immediately look for the lowest price. However, the lowest price is not always the best deal. Consumers need to take a closer look at the amount of coverage and types of services that come with each rate. Looking beyond each price and comparing what each policy has to offer allows consumers to truly get the most for their money and select policies with the most true value.
How long will a Mercedes-Benz c320 last?
I'm not sure about that specific model but if you look on consumers reports mercedes have one of the highest repair rates kinda of crazy when you look at the price
How does McDonald's trick consumers?
make their food look good on tv but when you get into the store its been sitting their for hours..
What should I look for in a high speed internet provider?
The first thing you should look for is installation fee and price of service of the high speed internet provider.
Where can I find high-quality outdoor dining chairs for a low price?
The best place to find good quality patio furniture is probably a big retail store like sears or JC penny is good places to look. You can also look at Wal-Mart and target they have good products.
