0
How can promotion influence the quantity of a product that consumers purchase?
Wiki User
∙ 8y ago
The commonest promotion is a '3 for 2' deal. This means that, instead of buying just one of item - if the consumer buys two - they get a third 'free'. Of course - this is a complete myth - as the supermarkets balance out the 'bargain' with higher prices on other items !
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers is called what?
It is called the equilibrium price.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
What is a quantity-pricing strategy?
A quantity-pricing strategy provides lower prices to consumers who purchase larger quantities of a product.
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
The relationship between the price of a good or service and the quantity that consumers are willing to purchase is known as?
Demand is the best answer
Why is price of a commodity is inversly related to quantity demand?
The price of a commodity is inversely related to quantity demanded because as the price of a commodity decreases, more consumers are willing and able to purchase it due to increased affordability. This leads to an increase in quantity demanded. Conversely, as the price of a commodity increases, the quantity demanded tends to decrease as consumers may find it less affordable or seek alternative options.
What is the price at which quantity demanded by consumers will equal the quantity supplied by producers called?
It is called the equilibrium price.
What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers calle?
It is called the equilibrium price.
What is the price at which the quantity demanded by consumers will equal the quantity supplied by produces called?
It is called the equilibrium price.
What is the price at which the quantity demand by consumers will equal the quantity supplied by producers called?
It is called the equilibrium price.
What is the definition of demand?
Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a specific period. It reflects the relationship between price and quantity demanded, often following the law of demand which states that as price decreases, quantity demanded increases, and vice versa.
What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers is called what?
It is called the equilibrium price.
