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Which of these market situations in an industry results in the lowest prices for consumers?
perfect competition
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
What do companies do when they want to know what consumers will buy?
Market research... canvas opinion from their consumers. Then they collate the result and go from there.
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
Is determined by how many consumers want to buy a product?
demand
What other actions by consumers can result in higher prices for the things you buy?
Gf
The amount of goods and services that consumers are willing to buy at various prices?
the cost
Consumers who form a voluntary association to buy in bulk at lower prices form a?
cooperative
Why do consumers decide to buy from Amazon.com?
It is known for having a large range, low prices and is convenient.
How does the substitution effect work when the prices of an item drops?
consumers buy the item as a substitute for other more costly items
The general willingness of consumers to purchase a product at various prices is .?
Demand is the general willingness of consumers to purchase a product at various prices.
How can i use consumers in a sentence?
The consumers feed on the producers. The consumers are getting a raw deal with the increase in electricity prices
What is consumer gouging?
Its raising prices when consumers have no choice but to buy from the company, its often a symptom of privately owned monopolies such as water or train companies in the UK.
Prices can act as a signal for consumers when they rise this signals that they should buy more goods.?
What many may think is high prices may actually be surpressed prices or prices which could steadily rise in the near or current future such as the prices of corn, or cotton which are currently up. History repeats itself.
What measures the prices of products typically purchased by consumers and is used to measure inflation?
measures the prices of products typically purchased by consumers and is used to measure inflation
Why in a free market there is competitive prices offered?
Because in a free market, consumers have to choose between different companies. A company always wants more customers than all the other companies, so it will make its prices slightly lower, thus, encouraging consumers to buy their products at that particular companies stores.
What is Nestle elasticity of demand?
it is price elastic around -1 because consumers do not want to buy chocolate if in recession. This type of market is inconsistent and depends on the prices heavily, if prices change it will have a direct affect upon the demand for it
