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Q: What effect do these fines have on consumers?
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Driving fines from 18 years ago. will they effect my credit report?

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The purchases that consumers make indicate their desires to producers.


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higher prices for consumers


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You will pay higher prices on goods and services.


What is an example of primary effect?

An example of a primary effect is when an increase in the price of gasoline leads to a decrease in the quantity demanded by consumers.


What is the Difference between income effect and substitution effect?

Income effect-change in the amount that consumers will buy because their income changed.substitution effect-change in the amount that consumers will buy because they purchase goods instead.substitution effect the change in demand for a good when the relative price between a good and its substitute changes. income effect the change in demand for a good when the income of the consumer change.


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What is the effect of an import tariff charged on particular goods?

The price paid by consumers is increased.