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1 How does consumer perception of the product value can set the ceiling for prices?
Wiki User
∙ 14y ago
Consumers do not set a price ceiling on goods. Only the government can set a price ceiling. However, the consumer perception of a good's value does affect the equilibrium price and quantity demanded. This is the price that the good is sold at and how many of the good is demanded at that price.
Wiki User
∙ 14y ago
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What can offset consumer surplus generated by lower prices?
Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease consumer surplus. This assumes of course that there is no shift in demand.
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
What happens to consumer surplus when demand increases?
Consumer surplus is the hypothetical monetary gain of consumers because they are able to buy a product for a price lower than they are originally willing to pay. When demand increases, supply (which is inversely proportional to demand) decreases, and as a result, prices increase. When prices increase, consumer surplus decreases.
How consumer spending may cause inflation to rise?
Inflation occurs when people aren't spending money, thus meaning if a consumer is spending money the prices will generally be lower, also if there is a high demand for that product
How do price ceilings and price floors restrict the free exchange of prices?
A price ceiling is the maximum price that can be charged for an item. You can charge any price equal to or lower than the ceiling. A price floor is the minimum price that can be charged for an item. You can charge any price equal to or greater than the ceiling.
What can offset consumer surplus generated by lower prices?
Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease consumer surplus. This assumes of course that there is no shift in demand.
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
How much do people waste buying marijuana?
that depends on the consumer, the product and the prices.
Where can a company buy industrial ceiling fans in bulk for a reasonable price?
The best place to industrial ceiling fans in bulk at reasonable prices are wholesalers, they can get them at good prices, and then they transfer those prices to you.
What happens to consumer surplus when demand increases?
Consumer surplus is the hypothetical monetary gain of consumers because they are able to buy a product for a price lower than they are originally willing to pay. When demand increases, supply (which is inversely proportional to demand) decreases, and as a result, prices increase. When prices increase, consumer surplus decreases.
What must the companies prove the merger would do Before government approves a merger?
lower costs and consumer prices or lead to a better product
Where can I find low prices on ceiling fans?
Ceiling fan prices can vary depending on the vendor. If one were to search for a vendor online with a common search, I'm sure there will be some sort of deal on Ceiling fans.
How do your prices compare with other retailers on HP discounted products?
To find the best prices on consumer electronics,computers and computer components it's best to use the product search feature on techbargains.com.They are not the alpha and omega of product research,but they do provide a very easy place to compare prices on a wide variety of products.
What is a good website that lists the comparative prices for a gas water heater?
Consumer Energy Center lists the comparative prices for a gas water heater. Product Review compares the prices of a number of gas water heaters for those in Australia.
How consumer spending may cause inflation to rise?
Inflation occurs when people aren't spending money, thus meaning if a consumer is spending money the prices will generally be lower, also if there is a high demand for that product
How can a business try to increase the demand for a product?
A business can increase the demand for the good by advertising about there product more by by coating less prices on the good and also by giving a better qualities of the good in a cheaper rate till they have a strong consumer base
What does outdoor ceiling fans cost?
There are many kinds of outdoor ceiling fans the prices vary from 143.00 to 340.00 http://www.ceilingfansbuy.com/outdoor/outdoor-ceiling-fans/
