a consumer will respond to the price changes in such a way that it could express its marginal utility
a consumer will respond to the price changes in such a way that it could express its marginal utility
Consumers cannot find acceptable substitutes immediately. Most consumers nowadays do price comparisons. Even being 'forced' to accept a higher price (e.g. all prices the same on comparable products) does not automatically bring buyers because buyers hate how companies dictate our buying practices.
The answer is Price Elasticity of Demand tool.
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
buyers do not respond much to changes in the price of the good.
That one.
consumer expectation
inflation
Consumer price index is a way to measure the averages of prices of consumer goods and services. It is calculated by taking price changes of items or goods and averaging them. Consumer price index is used to assess price changes associated with the cost of living.
haha
price change is reaction of consumer and measure the ful effecof the change in a price of goods of the quantity purchase
The price of a select market basket of goods and services.