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The law of supply and demand states that as the availability of a product or service decreases, while consumer interest and willingness to purchase it remains constant or increases, the price of the product or service will rise. Conversely, if the availability of a product or service increases while consumer interest and willingness to purchase it remains constant or decreases, the price will fall. This relationship helps to balance the market by adjusting prices based on the level of supply and demand.
What else can I help you with?
When interest rates are high the average consumer will?
buy less
What is the relationship between the interest rates and the money in circulation?
Relationship is that if the interest rates increase we are going to invest less and vice-versa.
What is the relationship between bond yield and interest rates?
Bond yield and interest rates have an inverse relationship. When interest rates rise, bond yields typically increase as well. Conversely, when interest rates fall, bond yields tend to decrease. This relationship is important for investors to consider when making decisions about buying or selling bonds.
What is the relationship between bonds and interest rates?
The relationship between bonds and interest rates is inverse. When interest rates go up, bond prices go down, and vice versa. This is because bond prices are influenced by the prevailing interest rates in the market.
The purpose of a tight money policy is to?
raise interest rates and restrict availability of bank credit
What is relationship between personality and creativity?
-Independence -Intense interest in a problem -Willingness to restructure the problem -Preference for complexity A need for stimulating interaction
Effect of interest rate on consumer finance?
Effect of interest rate on consumer finance?
Non-Income Determinants of Consumption and Saving?
wealth price level rates of interest and taxes expectations for future prices, money income and availability of goods consumer indebtedness
What is the purpose of consumer advocacy groups?
to promote the interest of consumer
Difference legislation that tend to protect consumer interest in advertising?
"Difference legislation that tend to protect consumer interest in advertising?"
What role do interest rates lay in mounting consumer debt?
High interest rates play a role in mounting consumer debt. When interest rates are high, more of a person's payment is being applied to interest versus principal. Because of this, it takes the consumer longer to payoff their debt.
An interest rate on a consumer loan of 1.5 is most apt to be a?
monthly interest rate
What do justice advocacy groups do?
to promote the interest of consumer
Of the available sources of the consumer credit which tends to have the highest interest rate?
Many types of consumer credit are available which have high interest rates. The ones which tend to have the highest interest rates are what are known as payday and title loans.
What willl raise consumer expenditures?
Consumer expenditures can be raised through several factors, including increased disposable income, which allows consumers to spend more freely. Lower interest rates can encourage borrowing and spending on big-ticket items, while positive consumer confidence boosts the willingness to make purchases. Additionally, effective marketing strategies and the introduction of innovative products can stimulate demand and drive up spending.
What do you mean by advertising its availability and its uses?
Advertising its availability refers to promoting a product or service to inform potential customers that it is accessible for purchase or use. Highlighting its uses involves communicating the benefits and practical applications of the product, demonstrating how it can solve problems or enhance the user's experience. Together, these strategies aim to attract interest and encourage consumer engagement.
When interest rates are high the average consumer will?
buy less
