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How will consumers react to the incentive of a higher price on a good or services?
Wiki User
∙ 11y ago
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
Alexandrine Nienow
Leo Bergnaum
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
Wiki User
∙ 11y agoThe negative incentive will cause consumers to purchase less of the good or service if it is of lower quality.
Wiki User
∙ 6y agoThe negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
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How will consumers react to the incentive of a higher price of good or service?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
What are the incentives in the economy?
It means that the incentive is in the form of money.
What are the factors that affect quantity demanded?
Quantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
Suppliers have an incentive to increase output when price is higher than cost of production .true or false?
true
Low unemployment rates in the country employers offer higher wage to meet their higher payroll costs and maintain profits they charge consumers more for goods and services what are the consequences?
a wage price spiral of ever-increasing prices
How will consumers to the incentive of a higher price on a good service?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
How will consumers react to the incentive of a higher price of good or service?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
What are the incentives in the economy?
It means that the incentive is in the form of money.
What is a price incentive.?
What was a price incentive
What services does T Rowe Price offer to consumers?
The services that T Rowe Price offers to consumers are for mutual funds, guidance for investment and retirement plans, IRAs, 401k rollovers and college savings.
Why you would expect a monopoly to charge a a higher price than an industry operating under perfect competition?
If a company holds a monopoly, consumers are focred to pucharse its goods and services. As consumers do not have an alternative, the company can charge higher and higher prices without losing its customers (becuase they don't have anywhere else to go!).
What are the factors that affect quantity demanded?
Quantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
Suppliers have an incentive to increase output when price is higher than cost of production .true or false?
true
Low unemployment rates in the country employers offer higher wage to meet their higher payroll costs and maintain profits they charge consumers more for goods and services what are the consequences?
a wage price spiral of ever-increasing prices
What is Rationing as a function of price mechanism?
This is when consumers and producers respond to information( signalling) and incentive provided by the prices then scarce resources will be rationed between competing uses
What is the total goods and services in the economy available at all possible price levels?
Consumer Price Indexes is monthly data on changes in the prices paid by consumers for a goods and services.
How does consumer expectation affect demand for goods?
Consumers will buy more of a good when its price is lower and less when its price is higher.
