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Why is it when Petrol prices go up food prices go up but when petrol prices go down food prices remain as they are when petrol prices start to go up again food prices go up so the consumer cant win?
Wiki User
∙ 14y ago
you got it all in one!
Wiki User
∙ 14y ago
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How long will petrol remain usable if left in a non air tight container?
I believe the standard shelf life of petrol is around 6weeks in a normal fuel container.
Does an mpfi engine replace spark plug?
No. Spark plugs remain in Petrol engines. MPFI stands for Multi Point Fuel Injection, thus replacing the carburetor with injectors. Petrol engines need a source for ignition unlike Diesel engines, where the ignition happens due to compression.
What is law of demand and explain the factors affecting demand?
In other words, the law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. If the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated to the change in the price of the good. There are, however, some possible exceptions to this rule.
Double auction markets with at least two sellers will generate prices that remain a little above prices from posted offer markets True False?
true
How does the demand curve illistrate the law of demand?
The law of demand states that consumers will buy more of a good when prices are lower and less of a good when prices are higher. In other words, the greater the quantity sold, the lower the price must be offered. The law of demand explains the effect price changes have on consumer behavior, and it applies in real life. Consumers buy significantly more products when there are large sales during the holiday season (e.g. Black Friday). On a supply/demand graph, price is the y-axis and quantity is the x-axis. The demand curve stretches from the upper left of the graph (where prices are high and quantity is low) to the bottom right (where prices are low and quantity is high). This matches with the law of demand definition stated above. There are assumptions that must be kept in mind for the law of demand to work. 1) Consumer tastes must stay the same. 2) Consumer income stays constant. 3) Prices of other goods remain the same. 4) The product is a normal good, meaning that demand of the product increases when consumer income increases. 5) Consumer expectations of the product are stable.
Will PlayStation take over the xbox?
PlayStation will take over if prices remain the same for online, but prices drop for the actuall system. other wise, Microsoft will be dominant.
What factors are covered under ceteris paribus relation to demand of commodity?
Thing covered under CETERIS PARIBUS in relation to demand of commodity are-1. Habits, tastes and fashions remain constant.2. Income of the consumer does not change.3. Prices of related goods remain constant.4. Number of buyers remain constant.5. The commodity is a normal good and has no prestige or status value.6. People do not expect changes in the price.7. Price is independent and quantity demanded is dependent.
What are the latest oil news all over the world?
Oil demand is expected to remain stable throughout 2013. Prices for a barrel of oil remain high at around $95-100. This results in ridiculous gas prices still well over $3 per gallon.
What is Minimum Payment?
The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company.
What are three reasons food prices remain high even when inflation is low?
This question is fundamentally flawed. What do you mean by high food prices? High relative to income? Other goods? I'll rephrase the question for you and try to answer it.Q: Why are food prices increasing even when some measure of inflation are low?A: Measures of inflation attempt to quantify the growth of overall prices someone (a general consumer, specific industry business, there are different inflation indices for all) may face in their day to day consumption.If you are thinking about consumer price indices, one answer to your question is that some simply do not track food prices. Food and energy prices are often volatile so for some uses it is better to exclude these goods.Another reason is that in many rich countries the share of income devoted to food is small. For example, in the United States, consumer spending on food has fallen from 23% of income in 1929 to just under 10% in 2008. Roughly speaking, measures of consumer inflation are averages of price changes of different types of goods, weighted by their share of consumers' incomes. Thus, if food only accounts for 10% of spending, but it is the only type of good increasing in price, broad measures of inflation will be small compared to a food specific index.
What are the assumptions of break even analysis?
Assumptions of breakeven as follows:1 - all prices remain same2 - all costs remains same3 - fixed cost remain same for certain range etc.
What is the value of lead?
Metal prices are too variable for any answer here to remain current for long. You can generally find spot prices for the more common metals in the financial pages of a newspaper. That said, lead prices are on the order of a dollar a pound as of August 2010.
