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What is a Price line?
A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line
What is a price consumption line?
A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line
Are Kenwood radios a good value for their price?
Kenwood is a speaker company. They have good and reasonably priced speakers. They are not top of the line speakers but a good value for the price you pay.
Is the Saucony Progrid Hurricane 9 under $100?
The Saucony Men's Pro Grid Hurricane 9 running shoe is everything I'd expect from this company's product line. The level of comfort, fit and quality of these shoes are unsurpassed at any price, but the fact that it's priced lower than comparable shoes of other high profile brands is a real bonus. The first thing that most impressed me is the luxurious feel of these shoes
How changes in income and price affect the budget line?
Changes in income and price shift the budget line in a consumer's budget constraint. An increase in income shifts the budget line outward, allowing consumers to purchase more of both goods, while a decrease in income shifts it inward. Conversely, if the price of one good decreases, the budget line pivots outward from that good's intercept, allowing consumers to buy more of it while still purchasing the other good. Conversely, if the price increases, the budget line pivots inward, reducing the quantity of that good consumers can afford.
Is the price of a good the strongest determinant of its demand?
No - look at the example of motor fuel. No. The price of a good is not a determinant of demand at all. The price of a good determines the quantity demanded, not the demand. "The demand" is a curve showing the quantity demanded at each price. If price changes, you simply move up or down the line. The "Demand" does not change, because you are still on the same line. The strongest determinant of demand is probably the consumer(s)' taste and preferences.
What is the rule to good line bad line?
The "Good Line, Bad Line" rule is a guideline often used in trading and investing to help assess the quality of a financial asset's price movement. A "good line" indicates a strong price trend or support/resistance level, reflecting positive market sentiment and potential for future gains. Conversely, a "bad line" suggests weak performance, volatility, or a breakdown in support, indicating potential risks or losses. Traders use this rule to make informed decisions about entering or exiting positions based on the strength of price trends.
What does the slope of a budget line reflect?
the price of goods on the x axis in terms of the good on the y axis
Does sony make a good camera bag?
Sony does have a line of camera bags that offer great quality for the price.
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
Which travel websites offer unique features and deals?
There are many travel websites out there, Expedia, Price Line are very good in helping to find the best price for the traveling you need to do. I hope this helps with your query. Good Luck.
Does Kathy Ireland have a good reputation for her furniture line?
Yes her furniture is pretty durable, comes in modern colors and patterns. and will give you a good product for the price.
