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What else can I help you with?
Demand for ipod is elastic or inelastic?
Ipods are elastic. When the price drops people buy more, when it rises people buy less.
What are factors that would affect demand?
Change in Consumer Price Expectations: If people expect the price to go up later, they'll buy more now and less later. If they expect the price to go down, they'll buy less now and more later.Change in Consumer Income: If people make more money, they can buy more goods.Change in Consumer Tastes: If people like a good more based on advertising or experience, they'll buy more. If they like it less, they'll buy less.Change in Number of Consumers in the Market: If there are more people buying things, there will be more demand. If there are less people to buy things, there will be less demand.Change in Price of a Substitute Good: If the price of a substitute good, or something you buy instead of something else, goes down, you'll buy less of the original good and more of the substitute.Change in Price of a Complementary Good: If the price of a complementary good, or something you need/use with another, goes up, you'll buy less of the original good. Example: If DVD's rise in price, people will buy less DVD players.
How many people a year buy Christmas crackers?
about a million or more or less
When people buy less of a certain good as their income increases this good is considered .?
inferior
When people buy less of a certain good as their income increase this is good considered?
inferior
When people buy less of a certain good as their income increases this is good is considered?
inferior
When people buy less of a certain good as their income increases this good is considered A?
inferior
Which type of good do people buy less of as their income rises?
Inferior or substitute products
When people buy less of a good as their income increases the good is considered what?
inferior
What are the advantages of sainsburys?
They are successful because they have lots of offers and low prices as if prices are lower more people buy stuff if prices are high then less people buy stuff.
What are the effects of recalls?
Less people are dissatisfied with the products, and more people will buy the product once the item is recalled and fixed.
How does the Fashion industry effect us as people?
It can determine what people buy, and give people a sense of superiority over those less "fashionable".
