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Are people generally willing or unwilling to change?

Updated: 12/24/2022
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Csengekozma

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Q: Are people generally willing or unwilling to change?
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Continue Learning about Economics

How does a company arrange to sell its products to people who are unwilling to pay the top price of them?

by charging each customer the maximum amount they are willing to pay


What role did the immigrants play in the economy?

Immigrants take on jobs that people born in the country are generally not willing to do. This helps expand the economy.


A change in the composition of the population will generally do what?

change demand even if there is no change in the size of the population. Ask yourself this question? if the number of people stays the same, but a lot of people get older, demand for Iphone4 CAN decrease because older people are not interested in buying it.


What does laissez-faire mean in human services?

Laissez-faire economics implies that the free market should determine how health care is apportioned among individuals. Those willing to pay more would get better and faster service than those unwilling or unable to do so. The majority of people do not believe that this serves the populace well. It means that poor people receive inferior care or no care at all.


What is the Difference between a movement along the demand curve and change in demand itself?

A movement along the demand curve is caused by a change in the products price. Thus, the quantity demanded at each price level is not different, but the price of the product is higher and thus less people are willing to buy it.A change in demand itself is caused by a change in one of the determinants of demand. Thus, the quantity demanded at each price level is actually different. For example, if average income changes and people are generally making more money, they will be more willing to buy a given good. This means that a larger number of people will be willing to buy the good at the set price level, thereby changing the actual demand curve.The determinants of demand include:-A change in average income: as income goes up, people generally tend to buy more of a good, unless it is an inferior good which means that they will actually buy less (ex: second-hand clothing)-A change in the price of other products, usually substitutes or complements. (ex: if the price of jam goes down, people will buy more bread)-A change in consumer taste; advertising quality, health-scares, perception in the media. (ex: with the recent increase of awareness regarding global warming, people have bought more energy-efficient light bulbs)-A change in the distribution of income (depending on which consumer's income changes, the demand for a good can change) ex: If the average income of farmers goes up, they may invest in more farm machinery such as tractors. However, if the average income of doctors goes up, the demand for tractors would not change.-A change in population size and structure (ex: if a large proportion of the population moves from rural areas into the city, certain goods' demand will rise, and others will fall.)-A change in expectations for the future (ex: If people expect much inflation in the future, they may rush to buy a certain good "now" while the price is still low)-Seasonal demand (ex: the demand for ice-cream is much higher in the summer than it is in the winter)*If any of the above determinants change, the actual demand for a specific good may also change.

Related questions

What is stuborn?

unwilling to change one's mind/decision/actions/habbits/etc or unwilling to listen to other people's opinions


Which zodiac sign is willing to change for a loved one?

Zodiac signs do not change. People change, many people of all birth dates are willing to change for their loved ones.


How does a company arrange to sell its products to people who are unwilling to pay the top price for them?

by charging each customer the maximum amount they are willing to pay


How does a company arrange to sell its production to people who are unwilling to pay the top price for them?

by charging each customer the maximum amount they are willing to pay


How does the company arrange to sell its products to people who are unwilling to pay the top price for them?

by charging each customer the maximum amount they are willing to pay


How does a company arrange to sell its products to people who are unwilling to pay the top price of them?

by charging each customer the maximum amount they are willing to pay


What is unwilling to mix normally in groups of people?

antisocial


What role did the immigrants play in the economy?

Immigrants take on jobs that people born in the country are generally not willing to do. This helps expand the economy.


Do people want to be famous?

Generally speaking: No, I do not. There does seem to be a higher percentage of people willing to do just about anything for notoriety. Nevertheless, if MOST people were willing, we would see a much higher amount of the population made famous.


Why are some people unwilling to believe that Jesus is Lord?

some people are unwilling to believe that Jesus is Lord because they serve other other gods and don't want to submit to God's authority


What to do with not competent and not committed staff?

Warn them that there are plenty of unemployed people out there who would be willing to take their place if they don't change their attitude !


Why is race and ethnicity such a controversial issue especially in America?

Race and ethnicity are such controversial issues in America because people are unwilling to give up their prejudices easily. Further, people who come here are not always willing to be assimilated into the American way of doing things, so they appear to be even more different.