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The amount of money a consumer is willing to pay for goods and services is directly related to?
the degree to which they are needed
What else can I help you with?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
When a consumer is able willing to buy a good or service he or she creates what?
When a consumer is able and willing to buy a good or service he or she creates a demand.
What are the characteristics of consumer?
The rural consumer differs from the urban consumer in that they are more likely to make a trip into town to purchase merchandise less frequently due to distance. The rural consumer may be more willing to use convenience services such as purchasing online in order to save time and the expense of a trip.
What is the noun of the verb demand?
The noun form is the act of demanding, or something that is demanded, the word you need in 'demander
When you purchase goods or services what does it create?
When a consumer is able and willing to buy a good or service he or she creates a demand.
Definition of consumer surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
What is consumer welfare?
Consumer welfare also known as consumer surplus refers to the difference between what consumers are willing to pay and what they actually pay.
What happens to consumer spending and saving when employment falls and rises?
When employment falls, consumer spending typically decreases as individuals face uncertainty and reduced income, leading to increased saving as they prepare for potential financial hardships. Conversely, when employment rises, consumer confidence improves, resulting in higher spending as people feel more secure in their jobs and financial situations, often leading to a decrease in saving rates as they are more willing to invest in goods and services. Overall, employment levels directly influence consumer behavior regarding spending and saving.
What defined as the amount of a good or service that a consumer is willing to buy?
Demand
What is the definition of consumer surplus?
Consumer surplus is the amount a buyer is willing to pay minus the amount the buyer actually pays.
When a consumer is able and willing to buy a good or service what does she or he create?
simply trade.
