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What else can I help you with?
Increase the economic growth the interest rate or taxation?
neither would lead to growth. a higher interest rate would deter firms from investing higher taxation would lead to lower consumption spending and less supply of labor. both bad.
An increase in the price of product a will?
An increase in the price of product A will typically lead to a decrease in the quantity demanded by consumers, as higher prices may make the product less affordable or attractive. This phenomenon is known as the law of demand. However, if product A is a necessity or has few substitutes, the decrease in demand may be less pronounced. Additionally, the increase in price could potentially lead to higher revenue for producers, depending on the price elasticity of demand for that product.
What happens to the quantity of lemons demanded as the price increases?
As the price of lemons increases, the quantity of lemons demanded typically decreases. This relationship is described by the law of demand, which states that consumers tend to buy less of a good when its price rises, assuming all other factors remain constant. Higher prices may lead consumers to seek alternatives or reduce their overall consumption of lemons.
What is price utility?
It is giving consumption for customer by less price to meet their need & satisfay the customer based on their wan.
What happens when you Impose a price ceiling below the equilibrium price will lead to higher consumer surplus and an increase in social welfare?
If you impose this low price ceiling, manufacturers will make less and be forced to lay off workers causing higher unemployment. Therefore, social welfare would decreaase, not increase.
Increase the economic growth the interest rate or taxation?
neither would lead to growth. a higher interest rate would deter firms from investing higher taxation would lead to lower consumption spending and less supply of labor. both bad.
An increase in the price of product a will?
An increase in the price of product A will typically lead to a decrease in the quantity demanded by consumers, as higher prices may make the product less affordable or attractive. This phenomenon is known as the law of demand. However, if product A is a necessity or has few substitutes, the decrease in demand may be less pronounced. Additionally, the increase in price could potentially lead to higher revenue for producers, depending on the price elasticity of demand for that product.
What happens to the quantity of lemons demanded as the price increases?
As the price of lemons increases, the quantity of lemons demanded typically decreases. This relationship is described by the law of demand, which states that consumers tend to buy less of a good when its price rises, assuming all other factors remain constant. Higher prices may lead consumers to seek alternatives or reduce their overall consumption of lemons.
What is price utility?
It is giving consumption for customer by less price to meet their need & satisfay the customer based on their wan.
What happens when you Impose a price ceiling below the equilibrium price will lead to higher consumer surplus and an increase in social welfare?
If you impose this low price ceiling, manufacturers will make less and be forced to lay off workers causing higher unemployment. Therefore, social welfare would decreaase, not increase.
What is the relationship between marginal utility and demand?
There is a close relationship between the marginal utility and price of a commodity.The additional satisfaction from the consumption of an additional unit of the commodity is called marginal utilty. Price means the value of the goods expressed in the terms of money.Price of all units of he same goods of consumption are more or less identical.It means that the consumer pays the same price for all the units of the same goods of consumption. But marginal utility of the goods of consumption start diminishing as the consumer increase the units of consumption of the commodity.Therefore the consumer will like to pay that price for the commodity,which is equal to the marginal utility he gets from the commodity.If the price of the commodity are higher than the marginal utility he derives from the commodity he will not like to purchase the commodity. In this way there is a clod\se relation between the marginal utility and the price of the commodity.
What is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a higher price?
Law of demand
Why price of condominium unit is higher on higher floors?
Less risk of break in. Better view. Usually quieter.
How does consumer expectation affect demand for goods?
Consumers will buy more of a good when its price is lower and less when its price is higher.
Why are gold and silver known a precious metals?
They are rare metals, meaning not as common. It's price and demand. The less there is, the more it will cost, and the higher the demand, the higher the price (again).
If a digital camera has a higher resolution will its price be higher?
Depending on the type of camera (ie.. Kodak, Canon, etc...) yes your price will be higher. If you go with a cheaper camera that has less features but a higher resolution, that would be your best bet for finding a high resolution camera for a decent price.
How does consumer expectation affect demand for certine goods?
Consumers will buy more of a good when its price is lower and less when its price is higher.
